- The shares of Altria Group Inc (NYSE: MO) have received a price target of $56 by Stifel. These are the details.
The shares of Altria Group Inc (NYSE: MO) have received a price target of $56 by Stifel. And Stifel analyst Christopher Growe reiterated a “Buy” rating on the company shares.
Tobacco companies are going to start reporting their first-quarter earnings soon. And Growe believes that there is a reason to be upbeat.
Growe believes there is a reason to be upbeat about the coming reports due to the potential for strong growth. And there are more catalysts that are expected to play out later this year such as increased volume for reduced risk products along with pricing power.
Plus Growe believes that Altria is well-positioned in the reduced risk category. And Growe is predicting that pricing is going to be robust this year for cigarettes and smokeless tobacco. Altria has investments in vaping company Juul and marijuana company Cronos Group.
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