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Why Is Marlboro-Maker Altria's Stock Ticking Higher Today?
Tuesday, April 29, 2025 - 12:06pm | 387Read More...Altria Group Inc (NYSE:MO) shares are trading higher on Tuesday after the first-quarter full-year 2025 earnings. The company reported a first-quarter FY25 sales decline of 5.7% year-on-year to $5.26 billion, beating the analyst consensus estimate of $4.62 billion. The decrease in revenue was...
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Cannabis vs. Tobacco: The Battle For Market Share And Public Health
Friday, March 31, 2023 - 9:49am | 1267Read More...A recent poll showed that Americans prefer legal cannabis over legal tobacco. This societal shift comes as no surprise, given the regulatory changes and widespread acceptance of marijuana. According to Pew Research, 59% of American adults believe marijuana should be legal for both medical and...
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Wells Fargo Likes Altria's Move To Counter Declining Cigarette Sales With Price Hikes
Monday, June 17, 2019 - 12:20pm | 463Read More...Wells Fargo likes Altria Group Inc (NYSE: MO)’s willingness to use price increases to offset pressure from declining volume in cigarette sales. The Analyst Wells Fargo’s Bonnie Herzog reiterated an Outperform rating on Altria with a $65 price target. The Thesis The biggest question...
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Altria Smoked By Morgan Stanley Downgrade, Cites FDA Threats, Slowing Growth In Cigarette Business
Tuesday, January 22, 2019 - 3:54pm | 490Read More...A continuing societal shift away from traditional cigarettes, particularly among young people, is extinguishing enthusiasm for the maker of one of the most iconic tobacco brands, as Morgan Stanley downgraded Marlboro maker Altria Group Inc. (NYSE: MO). The bleak picture comes even as Altria tries...
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Altria's Problems Baked Into Price, Now A Buy At RBC
Monday, April 30, 2018 - 12:48pm | 363Read More...Altria Group Inc (NYSE: MO) has declined 20 percent year-to-date, and one Street expert thinks the new valuation well accounts for enduring fundamental and macro concerns. The Rating RBC Capital Markets analyst Nik Modi upgraded Altria to Outperform and maintained a $65 price target on the stock...
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Philip Morris Cuts Earnings Forecast
Thursday, June 21, 2012 - 8:22am | 345Read More...Philip Morris (NYSE: PM), the largest publically traded tobacco company in the world, cut its earnings forecast Thursday as Marlboro cigarette sales abroad were hindered by the strength of the dollar. The news comes on the same day that the company announced plans to introduce a new, healthier...
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Six Tobacco Stocks Near 52-Week Highs
Thursday, June 2, 2011 - 3:37pm | 793Read More...Investors looking for a defensive play, and who don't have an issue with so-called sin stocks, might be considering tobacco stocks about now. By and large, tobacco stocks continue to perform strongly, despite years of lawsuits, taxation and general disdain from the public. And some of them have the...
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Deutsche Bank's Tobacco Industry Report
Thursday, September 16, 2010 - 8:52am | 210Read More...Deutsche Bank remains bullish on tobacco's above-consensus estimates following company updates, and reviews of recent data and conversations with management in the trade. Stocks have performed strongly since July, and Deutsche remains positive on Altria Group, Inc. (NYSE: MO) and Reynolds American...
