CGS-CIMB upgrades BAT to 'Hold', TP unchanged at RM15.45
KUALA LUMPUR (Jan 3): CGS-CIMB Securities Sdn Bhd has upgraded British American Tobacco (M) Bhd (BAT) shares to "hold" from "reduce", with an unchanged target price (TP) of RM15.45, as the stock is seen supported by a forecasted 7.4% dividend yield for financial year ending Dec 31, 2020 (FY20).
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