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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MO: