Tobacco.org

Swedish Match Cut to `Underweight' From `Neutral' at JPMorgan 

Swedish Match AB, the world's second- largest maker of snuff and chewing tobacco, was downgraded to ``underweight'' from ``neutral'' at JPMorgan Chase & Co.

``The primary drivers are the weaker-than-expected outlook for cigar margins on U.S. premium and European downtrading,'' analysts including Erik Bloomquist in London wrote in a research report dated today.

Jump to full article »