British American Tobacco is trading 4% up at $57.45, outperforming a broadly weaker U.S. market as investors rotate toward defensive consumer-staples shares.
- The move comes amid elevated oil prices, inflation concerns, and expectations for a Federal Reserve rate hike.
- A September 14 Zacks industry outlook cited tobacco-sector pricing power, resilient cash generation, and investment in new nicotine categories.
- The outlook identified no company-specific announcement.