Jefferies starts coverage on global tobacco sector; BAT top pick
Investing.com -- Jefferies has initiated coverage on the global tobacco sector, highlighting British American Tobacco (NYSE:BTI) (BAT (LON:BATS)) as its top pick, alongside positive views on Philip Morris (NYSE:PM) and Imperial Brands (OTC:IMBBY), and a more cautious stance on Japan Tobacco (TYO:2914) and Altria (NYSE:MO).