|Day's Range||72.05 - 72.72|
|52 Week Range||60.82 - 76.55|
|PE Ratio (TTM)||9.76|
|Dividend & Yield||2.44 (3.44%)|
|1y Target Est||N/A|
Taxes on a type of cigar that looks like a cigarette may be going up in Wisconsin. Republican Rep. Dale Kooyenga has long pushed for little cigars, which have filters and are smaller than cigarillos, to ...
Wells Fargo Securities We believe current market conditions improve the economics and reinforce the likelihood that a Philip Morris International/Altria Group deal gets done sooner rather than later. While Philip Morris (PM) remains our top long-term stock pick with more upside potential over the long-term, Altria (MO) remains a very close number 2 since we think the market is underestimating [tobacco heating system] iQOS’s value (a $12-a-share opportunity with less than 25% currently priced in), upside potential from the Anheuser-Busch InBev stake, and the potential that Philip Morris acquires Altria. As such, we reiterate our Outperform ratings on Philip Morris and Altria and our $140 and $80 price targets on the stocks, respectively.
Find out what the tobacco giant said in its annual talk to investors.