Altria Group price target raised to $63 from $61 at BofA

BofA raised the firm’s price target on Altria Group (MO) to $63 from $61 and keeps a Buy rating on the shares. With underlying EPS growth of 6%, Altria started off the year above its full year 2%-5% anticipated growth rate, notes the analyst, who cites higher EPS estimates for the firm’s raised target.