Barclays Initiates Reynolds American With Overweight

Barclays initiated coverage on Reynolds American, Inc. RAI with a Overweight rating. The target price for Reynolds American is set to $83. Reynolds American shares have gained 22.48 percent over the past 52 weeks, while the S&P 500 index has surged 8.07 percent in the same period. Reynolds American shares climbed 2.30 percent to close at $76.61 yesterday.