Altria Group price target raised to $77 from $72 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Altria Group (MO) to $77 from $72 and keeps a Buy rating on the shares. The company’s Q1 earnings beat was driven by top-line growth, with cig volume declines coming in better than feared, resulting in operating income growth ahead of expectations, the analyst tells investors in a research note.