Cowen & Company Upgrades Reynolds American To Outperform

Cowen & Company upgraded Reynolds American, Inc. RAI from Market Perform to Outperform. The price target for Reynolds American has been raised from $75.00 to $86.00. Reynolds American shares have gained 29.16 percent over the past 52 weeks, while the S&P 500 index has surged 10.18 percent in the same period. Reynolds American shares jumped 2.08 percent to $77.00 in pre-market trading.