Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Altira Group

Share:
Related MO
Morgan Stanley Previews Earnings For 3 Food & Tobacco Stocks
Benzinga's Top Upgrades
Can Altria Group (MO) Earnings Surprise this Season? - Analyst Blog (Zacks)

In a report published Friday, Jefferies & Company reiterated its Hold rating on Altria Group (NYSE: MO), and slightly raised its price target from $32.00 to $33.00.

Jefferies noted, “MO's 3Q12 adj. EPS of $0.58 was in line with consensus, and an incremental $500 million share repo authorization and 7% dividend increase should please investors. However, our concerns about the cigarette pricing environment continue. Marlboro net retail prices were virtually flat and management did not indicate a near term end to the current promotional strategy as it helps to keep price sensitive smokers in the brand family.”

Altria Group closed on Thursday at $32.10.

Latest Ratings for MO

DateFirmActionFromTo
Jan 2015NomuraUpgradesNeutralBuy
Jan 2015NomuraUpgradesNeutralBuy
Dec 2014Bank of AmericaMaintainsBuy

View More Analyst Ratings for MO
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (MO)

Around the Web, We're Loving...

Get Benzinga's Newsletters