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Interim Results for the six month period ended 31 March 2008.

Broker snap: Morgan upgrade lifts BAT

16 May 2008
Morgan Stanley has raised its rating on to 'overweight' from 'equal-weight' and lifted its target price on the Lucky Strike maker to 2,230p from 2,130p.

It said that the tobacco sector is benefiting from consolidation, adding that it foresees double digit earnings per share growth for all European tobacco companies in 2008 and 2009.

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