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Bank Of America Presents A Pair Trade In The Tobacco Sector

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Earlier Friday morning, Bank of America upgraded Altria Group Inc (NYSE: MO) to Buy and downgraded Philip Morris International Inc. (NYSE: PM).

Amid the rating changes shares of Altria Group are trading up ~1.2 percent, while shares of Phillip Morris have dropped ~1 percent.

Latest Ratings for MO

DateFirmActionFromTo
Jul 2017JefferiesMaintainsHold
May 2017PiperJaffrayInitiates Coverage OnOverweight
Feb 2017BerenbergDowngradesBuyHold

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Posted-In: Bank of AmericaNews Upgrades Downgrades Analyst Ratings Trading Ideas

 

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