BUZZ-Altria rises after UBS upgrades stock to 'buy'

Reuters01-10
BUZZ-Altria rises after UBS upgrades stock to 'buy' 

** Shares of tobacco giant Altria Group MO.N up ~2% to $57.06

** UBS upgrades stock to "buy" from "neutral", raises PT to $63 from $61

** Says despite slow progress in smoke-free, Altria could return to revenue growth, and deliver an acceleration in EPS growth over next two years

** Says worst of Altria's cigarette volume decline could be behind, citing improvement in 2026 helped by industry trends and price investments

** Brokerage believes cigarette sales are declining more slowly as there are fewer smokers left to switch to vapes

** Six of 16 brokerages rate the stock "buy" or higher, seven "hold", 3 rate the stock "sell" or higher; with a median PT of $62.50

** Shares rose 10.3% in 2025

(Reporting by Koyena Das in Bengaluru)

((koyena.das@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment