Market Overview

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

Share:
Related MO
What A Tobacco Racketeering Case, Possible ATF Involvement Means For Tobacco Stocks
Altria, Salesforce, Tesla, Visa: Fast Money Picks For February 7
Altria's Ever Expanding P/E Ratio (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
Feb 2017BerenbergDowngradesBuyHold
Jan 2017Bank of AmericaUpgradesNeutralBuy
Sep 2016JefferiesInitiates Coverage onHold

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!