Jefferies看好烟草板块首评赋予英美烟草(BTI.US)“首选股”地位

智通财经2025-07-10

智通财经APP获悉，Jefferies周三发布烟草行业研究报告，首次覆盖多家行业龙头并给出评级，其中包含三个"买入"评级、一个"持有"评级及一个"跑输大盘"评级。由分析师安德烈·安东-伊奥尼塔领衔的团队指出，烟草行业凭借稳定的增长潜力、防御性资产属性、强劲的现金回报能力及当前仍具吸引力的估值水平，在消费必需品板块中占据最优位置。具体到个股，菲利普莫里斯国际(PM.US)获"买入"初始评级。分析认为...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2550695589?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-07-10 10:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2550695589","market":"hk","top_or_hot":-1,"title":"Jefferies看好烟草板块 首评赋予英美烟草(BTI.US)“首选股”地位","media":"智通财经","content":"<div>\n<p>智通财经APP获悉，Jefferies周三发布烟草行业研究报告，首次覆盖多家行业龙头并给出评级，其中包含三个\"买入\"评级、一个\"持有\"评级及一个\"跑输大盘\"评级。由分析师安德烈·安东-伊奥尼塔领衔的团队指出，烟草行业凭借稳定的增长潜力、防御性资产属性、强劲的现金回报能力及当前仍具吸引力的估值水平，在消费必需品板块中占据最优位置。具体到个股，菲利普莫里斯国际(PM.US)获\"买入\"初始评级。分析认为...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1316053.html\">网页链接</a>\n\n</div>\n","source":"stock_zhitongcaijing","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jefferies看好烟草板块 首评赋予英美烟草(BTI.US)“首选股”地位</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJefferies看好烟草板块 首评赋予英美烟草(BTI.US)“首选股”地位\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-07-10 10:37 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1316053.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，Jefferies周三发布烟草行业研究报告，首次覆盖多家行业龙头并给出评级，其中包含三个\"买入\"评级、一个\"持有\"评级及一个\"跑输大盘\"评级。由分析师安德烈·安东-伊奥尼塔领衔的团队指出，烟草行业凭借稳定的增长潜力、防御性资产属性、强劲的现金回报能力及当前仍具吸引力的估值水平，在消费必需品板块中占据最优位置。具体到个股，菲利普莫里斯国际(PM.US)获\"买入\"初始评级。分析认为...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1316053.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4075","symbol_name":"烟草","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1316053.html","article_id":"2550695589","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550695589","pubTimestamp":1752115067,"columns":[],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"智通财经APP获悉，Jefferies周三发布烟草行业研究报告，首次覆盖多家行业龙头并给出评级，其中包含三个\"买入\"评级、一个\"持有\"评级及一个\"跑输大盘\"评级。研究团队警示，美国可燃烟草业务正面临高单位数销量加速下滑风险，同时消费者降价压力带来增量挑战。Jefferies认为，该公司对新兴市场的战略布局颇具吸引力，全球销量份额增长印证其核心可燃烟草业务健康状况。值得关注的是，英美烟草被明确列为Jefferies烟草行业首选标的。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"BK4075":"烟草","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","BK4588":"碎股","BK4585":"ETF&股票定投概念","BTI":"英美烟草"},"translate_title":"Jefferies is optimistic about the tobacco sector, giving British American Tobacco (BTI.US) \"preferred stock\" status in its first review","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTI":1},"content_text":"智通财经APP获悉，Jefferies周三发布烟草行业研究报告，首次覆盖多家行业龙头并给出评级，其中包含三个\"买入\"评级、一个\"持有\"评级及一个\"跑输大盘\"评级。由分析师安德烈·安东-伊奥尼塔领衔的团队指出，烟草行业凭借稳定的增长潜力、防御性资产属性、强劲的现金回报能力及当前仍具吸引力的估值水平，在消费必需品板块中占据最优位置。具体到个股，菲利普莫里斯国际(PM.US)获\"买入\"初始评级。分析认为，该公司在加热烟草和口服尼古丁袋领域的领先地位将持续推动中期息税前利润实现高单位数(HSD)增长。尽管其股价高于烟草行业平均水平，但相对于食品和家用产品领域的蓝筹股并不显昂贵，且在营收利润增长及股东现金回报方面表现优异。奥驰亚(MO.US)则被给予\"跑输大盘\"评级，目标价设定为50美元。研究团队警示，美国可燃烟草业务正面临高单位数(HSD)销量加速下滑风险，同时消费者降价压力带来增量挑战。此外，奥驰亚在传统口服尼古丁产品市场的优势地位，正部分抵消其现代口服产品增长潜力。帝国品牌(IMBBY.US)同样获得\"买入\"评级。报告指出，自2020年管理改革以来，其可燃烟草业务在关键市场份额稳步提升，无烟产品战略开始显现成效，特别是在美国现代口腔产品领域取得突破。尽管公司资产负债表稳健且现金回报丰厚，当前股价仍处于烟草行业估值洼地。日本烟草(JAPAY.US)获\"持有\"评级。Jefferies认为，该公司对新兴市场的战略布局颇具吸引力，全球销量份额增长印证其核心可燃烟草业务健康状况。旗下全球旗舰品牌在关键发达市场(DM)持续扩大份额，近期收购的美国折扣品牌市场表现亦优于行业整体水平。值得关注的是，英美烟草(BTI.US)被明确列为Jefferies烟草行业首选标的。从量化分析维度看，菲利普莫里斯国际同时斩获Seeking Alpha平台最高量化评分，进一步印证其市场认可度。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2550695589","isCrawlerRequest":true}

Jefferies看好烟草板块 首评赋予英美烟草(BTI.US)“首选股”地位

精彩评论

Jefferies看好烟草板块首评赋予英美烟草(BTI.US)“首选股”地位