Morgan Stanley initiated coverage of Altria Group (MO) with an Equal Weight rating and $54 price target The firm sees a balanced risk/reward following the stock’s 25% gain in the last 12 months. Altria faces elevated smokable volume declines and a limited reduced-risk portfolio, but has “solid financial flexibility,” the analyst tells investors in a research note.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MO:
- FDA proposes plan to make cigarettes ‘nonaddictive’ by limiting tobacco
- Altria Group put volume heavy and directionally bearish
- FDA seeks White House approval to cut nicotine levels in cigarettes, NYT says
- Despite Rallying an Incredible 47%, Altria (MO) Remains a Top-Notch Income Pick
- Unusually active option classes on open December 6th