Lisa Lewandowski, an analyst from Bank of America Securities, maintained the Buy rating on Altria Group. The associated price target remains the same with $72.00.
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Lisa Lewandowski has given her Buy rating due to a combination of factors including Altria Group’s strategic partnership with KT&G Corp to explore opportunities in the modern oral nicotine market. This collaboration, which involves acquiring a significant stake in Another Snus Factory, positions Altria to expand its presence in the smoke-free product segment, an area where it has previously faced challenges. The LOOP brand, known for its diverse flavors and nicotine strengths, represents a promising venture for Altria as it seeks to capture market share in this growing industry.
Moreover, Lewandowski’s rating reflects confidence in Altria’s financial strategies, such as its Optimize & Innovate program and pricing power optimization. These initiatives, coupled with a favorable regulatory environment, are expected to support stock price growth. Additionally, Altria’s commitment to shareholder returns through dividends and buybacks further strengthens the case for a Buy rating, as these measures are likely to enhance investor value over time.
In another report released yesterday, Goldman Sachs also reiterated a Buy rating on the stock with a $65.00 price target.