U.S. Markets closed

Vetr Downgrades As Potential Reynolds American Sale Gains Steam

Chris Dier-Scalise

The Vetr crowd downgraded their rating for Reynolds American, Inc. (NYSE: RAI) on Friday from the company's prior standing at 3 stars (Hold), issued two days ago, to 2.5 stars (Sell). Crowd sentiment at the time of the downgrade was unanimously cautious, with 100 percent of Vetr user ratings bearish.

Share price in Reynolds American experienced a string of all-time highs through much of March into the first week of April following the unconditional approval by a U.S. antitrust court last month on a potential purchase by fellow tobacco company British American Tobacco.

Learn how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average target price for Reynolds is down at $61.64, which is till above the average analyst target price of $57. Less than 2 percent of Vetr users are holding RAI in their watch-lists.

Latest Ratings for RAI

Date Firm Action From To
Feb 2017 Wells Fargo Downgrades Outperform Market Perform
Feb 2017 Jefferies Downgrades Buy Hold
Feb 2017 RBC Capital Downgrades Outperform Sector Perform

View More Analyst Ratings for RAI
View the Latest Analyst Ratings

See more from Benzinga

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.