Vetr Downgrades As Potential Reynolds American Sale Gains Steam

The Vetr crowd downgraded their rating for Reynolds American, Inc. RAI on Friday from the company's prior standing at 3 stars (Hold), issued two days ago, to 2.5 stars (Sell). Crowd sentiment at the time of the downgrade was unanimously cautious, with 100 percent of Vetr user ratings bearish.

Share price in Reynolds American experienced a string of all-time highs through much of March into the first week of April following the unconditional approval by a U.S. antitrust court last month on a potential purchase by fellow tobacco company British American Tobacco.

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Currently, the Vetr crowd's average target price for Reynolds is down at $61.64, which is till above the average analyst target price of $57. Less than 2 percent of Vetr users are holding RAI in their watch-lists.