Altria Group price target raised to $43 from $37 at Barclays

Barclays raised the firm’s price target on Altria Group to $43 from $37 and keeps an Underweight rating on the shares. Tobacco stocks had a strong Q2 as market multiples are set not on what is happening now, but on what could happen in the terminal year, the analyst tells investors in a research note. The firm rolled forward its price targets by six months and increased multiples by 10%.