Needham analyst Gerald Pascarelli has maintained their neutral stance on MO stock, giving a Hold rating on December 9.
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Gerald Pascarelli has given his Hold rating due to a combination of factors related to Altria Group’s recent leadership announcements. The company announced that its current CEO, Billy Gifford, will retire in 2026 and be succeeded by Sal Mancuso, the current CFO. This transition appears to be a well-planned succession, typical of Altria’s internal promotion strategy, and does not suggest any unexpected changes.
Given that Mancuso has been with the company for over three decades and is seen as a natural successor, the leadership change is not expected to alter Altria’s strategic direction or capital allocation significantly. Consequently, Pascarelli believes these changes will not have a substantial impact on the company’s stock performance, supporting his decision to maintain a Hold rating.
According to TipRanks, Pascarelli is an analyst with an average return of -2.7% and a 38.64% success rate. Pascarelli covers the Consumer Defensive sector, focusing on stocks such as Vita Coco Company, Altria Group, and Molson Coors.
In another report released on December 9, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $62.00 price target.