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Stock impact report

UBS Boosts Altria (MO) Price Target, Sees Slower Industry Cigarette Volume Declines [Yahoo! Finance]

Altria Group, Inc. (MO) 
Last altria group, inc. earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: altria.com/investors
Company Research Source: Yahoo! Finance
Altria Group, Inc. (NYSE: MO ) is included among the 14 Best American Dividend Stocks to Invest in UBS Boosts Altria (MO) Price Target, Sees Slower Industry Cigarette Volume Declines On March 9, UBS analyst Faham Baig raised the firm's price recommendation on Altria Group, Inc. (NYSE:MO) to $74 from $67. The firm reiterated a Buy rating on the shares. The analyst said US cigarette volume declines appear to be moderating. Industry volumes are expected to fall about 6% in Q1, which would mark the smallest drop since 2021. The slowdown partly reflects weaker growth in the vapor category and stabilizing nicotine penetration, Baig told investors in a research note. Price investment and strength in the deep-discount segment may also support Altria's market share. If that trend holds, the company's volume decline could track roughly in line with the broader market, the firm said. Altria's dividend policy has remained consistent over the years. The company paid dividends of $1.8 billio Show less Read more
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