MARKET TALK: New BAT CEO Should Maintain Strategy

24th Jun 2010 12:51

1151 GMT [Dow Jones] The appointment of Nicandro Durante as British American Tobacco's (BATS.LN) new chief executive following Paul Adams' retirement "should mean the company's proven strategy centred on global drive brands, innovation, emerging markets and productivity gains remain broadly unchanged," says Credit Suisse. Notes Nicandro is an internal veteran, who joined the company in 1981. Rates the stock at neutral, with 2350p price target. Shares -0.9% at 2134p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 24, 2010 07:51 ET (11:51 GMT)