0928 GMT - Imperial Brands' 2030 plans suggest an evolution of its strategy, building from its robust performance over the past five years, Deutsche Bank analyst Damian McNeela says in a note. The U.K.-listed tobacco manufacturer's new targets aren't much different from the prior ones, McNeela says. However, the company expects to deliver between 2.2 billion and 3 billion pounds of free cash flow each year, marginally above the German bank's forecast of 2.6 billion pounds over 2026-30, the analyst adds. This cash flow will be supported by new annualized cost savings of 320 million pounds by 2030, McNeela says. Deutsche has a buy rating on the stock and a target price of 28.50 pounds. Shares are down 0.3% at 27.43 pounds. (michael.susin@wsj.com)
(END) Dow Jones Newswires
March 27, 2025 05:28 ET (09:28 GMT)
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