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Analysts Recommend a ‘Buy’ for Altria ahead of Q2 Earnings

Ralph Nathan
Analysts Recommend a ‘Buy’ for Altria ahead of Q2 Earnings

As of July 13, Altria Group (MO) was trading at $58.50. From the graph below, you can see that analysts have lowered their price target from $76.43 in April to the current target price of $68.24. The increase in anti-tobacco regulations, a declining number of smokers, and increased competition in RRPs (reduced risk products) appear to have compelled analysts to lower their price targets for Altria.