Market Overview

UPDATE: Stifel Nicolaus Upgrades Altria Group to Buy on Valuation, Yield

Share:
Related MO
An ETF That Provides Shelter From Stormy Markets
It's Not Shopping, It's Market Research: Talking Investing Trends With TD Ameritrade's Nicole Sherrod
Top 10 Consumer Staple Stocks For Dividend Growth And Income (Seeking Alpha)

Stifel Nicolaus upgraded Altria Group (NYSE: MO) from Hold to Buy and announced a $36.00 price target.

Stifel Nicolaus commented, "We've been increasingly attracted to the stock as it pulled back from the mid-$30 range and believe this represents a good place for investors to begin building positions. The outlook for Altria's business remains solid, in our view, as we estimate a continuation of the 8% EPS growth trajectory for the business with upside potential throughout the year. … We believe the stock has solid downside support afforded by its current 5.5% dividend yield which remains at a significant premium in relation to the 10-year treasury for example."

Altria Group closed at $31.90 on Wednesday.

Latest Ratings for MO

DateFirmActionFromTo
Jul 2015CLSADowngradesBuyOutperform
Jul 2015CLSAUpgradesUnderperformOutperform
Feb 2015Stifel NicolausMaintainsBuy

View More Analyst Ratings for MO
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (MO)

View Comments and Join the Discussion!

Get Benzinga's Newsletters