Stifel analyst Matthew Smith raised the firm’s price target on Altria Group to $54 from $50 and keeps a Buy rating on the shares after the company reported a “solid second quarter” and narrowed its 2024 EPS outlook with growth expected to accelerate in the second half. Altria now expects 2024 EPS in the range of $5.07-$5.15, notes the analyst, who continues to estimate 2024 EPS of $5.11.
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