Deutsche Bank Reports Lorillard Bracing For Impact

In a report published by Deutsche Bank, Lorillard LO is bracing for impact after the TPSAC meeting. Deutsche Bank said that the second-to-last meeting focused on draft chapters & statistical model, and the process continues on a negative track. “One can argue about strength of evidence, but as chapters with negative conclusions mount, odds of ban recommendation later this month are significant. Panel's tone remains negative, no voting members pushing back on chapter conclusions.” Lorillard closed yesterday at $77.29.