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Deutsche Bank Raises British American Tobacco (BTI) PT on Strong US Performance

Neha Gupta

2 min read

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British American Tobacco plc (NYSE:BTI) is one of the 11 best European stocks to invest in. On June 10, Deutsche Bank raised BTI’s price target to £38.00 from £35.00. The firm maintained its “Buy” rating on the company’s stock.

Deutsche Bank Raises British American Tobacco (BTI) PT on Strong US Performance

Deutsche Bank Raises British American Tobacco (BTI) PT on Strong US Performance

A close-up of an assembly line with a blend of tobacco products.

British American Tobacco’s June 3 pre-close update projected stronger-than-expected first-half 2025 revenue, driven largely by its rebound in the U.S. market. The company anticipates renewed revenue and profit growth this year, supported by strong performance in its Combustibles segment and Velo Plus, alongside impressive margins and a 6.17% dividend yield.

Globally, Velo continues to thrive—especially in the AME region—despite regulatory hurdles in APMEA markets like Bangladesh and Australia. While illicit vape activity in the U.S. may temper near-term gains, BAT still expects modest New Category growth in H1 and acceleration to mid-single digits by year-end, buoyed by Velo’s momentum and the rollout of glo Hilo.

British American Tobacco plc (NYSE:BTI) is a British consumer goods company. It produces and sells tobacco and nicotine products, including traditional cigarettes, heated tobacco, vapour devices, and oral nicotine pouches. Its key brands include Dunhill, Lucky Strike, Pall Mall, Camel, Vuse (vapes), glo (heated tobacco), and Velo (nicotine pouches). The company operates in over 180 markets across the Americas, Europe, Asia-Pacific, the Middle East, and Africa.

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Disclosure: None.