British American Tobacco (BTI) Well-Positioned With Pricing Power
British American Tobacco PLC (NYSE:BTI) is one of the 10 best tobacco and cigarette stocks to invest in. On April 13, Goldman Sachs analyst Bonnie Herzog reported a price hike of around 3% by Altria Group Inc. (NYSE:MO) on its Marlboro product line in the United States. Herzog expects British American Tobacco plc (NYSE:BTI) to follow suit by hiking prices on its R.J. Reynolds products. The analyst noted that the industry is seeing continued strength in net price realization, driven by manufacturers’ stron ...