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Jump to full article: Trading Markets, 2008-05-09
Intro: Shares in Imperial Tobacco Group Plc were higher in early trade after, according to dealers, with Credit Suisse upping its rating on the company to 'outperform' from 'neutral' and upped the target price to 2,750 pence, from 2,550 pence.
At 8.22 a.m., Imperial Tobacco was 8 pence higher at 2,492. The FTSE 100 was down 29.2 points at 6,241.6.
In a note to clients, Credit Suisse said it thinks Imperial's shares are poised to re-rate to P/E levels more in line with rivals such as British American Tobacco Plc.
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