Market Overview

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

Share:
Related MO
How Much Of Big Tobacco's Sales Come From Vape Products?
British American's Acquisition Of Reynolds Makes It Jefferies' Preferred Global Tobacco Play
Altria acquires Nat Sherman brand (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
Jan 2017Bank of AmericaUpgradesNeutralBuy
Sep 2016JefferiesInitiates Coverage onHold
Sep 2016CLSAMaintainsOutperform

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!