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Stock Market & Financial Investment News

News Breaks
September 7, 2011
10:25 EDTMOAltria Group reaffirms earnings outlook for 2011
Altria reaffirmed its 2011 adjusted EPS outlook of $2.01-$2.07, representing a growth rate of 6%-9%, ahead of the company's presentation at the Barclays Capital Back-to-School Consumer Conference. Altria said that as previously disclosed, PM USA's 2011 first-half results benefited from the trade building cigarette inventory levels. The company believes the trade depleted these inventories in Q3, which will negatively impact PM USA’s third-quarter cigarette volume and income comparisons. Altria, therefore, expects its quarterly adjusted diluted EPS growth to be stronger in Q4 compared to Q4.
News For MO From The Last 14 Days
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January 25, 2015
17:53 EDTMOWorries persist on Reynolds-Lorillard deal getting FTC approval, WSJ says
Shareholders are expected to approve the combination of tobacco companies Reynolds-American (RAI) and Lorillard (LO) this week but the real concern for the deal that will result in a formidable competitor to rival Marlboro maker and market leader Altria Group (MO) is whether the FTC approves of the deal, says the Wall Street Journal. British American Tobacco (BTI), which owns 42% of Reynolds, agreed to vote for the deal which will make the third party to the deal, Imperial Tobacco Group (ITYBY), the No. 3 player in the U.S.,as Imperial agreed to pay $7B for Reynolds’ Winston, Salem and Kool brands and Lorillard’s Maverick cigarette and Blu e-cigarette brands, added the Wall Street Journal report. Reference Link
January 20, 2015
10:44 EDTMOWells sees tobacco stocks as 'place to be' for 2015
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07:21 EDTMOWells Fargo calls Tobacco 'place to be,' upgrades Altria Group
Wells Fargo calls the U.S. Tobacco sector the "place to be" in consumer staples in 2015. Wells lists positive catalysts for the group as stronger pricing power, protection from currency risk and upside potential from e-cigarettes. The firm says Reynolds American (RAI) remains its top pick and it raised its price target range for shares to $79-$81 from $69-$71. Wells upgraded Altria Group (MO) to Outperform from Market Perform with an increased price target range of $56-$58. The firm also has an Outperform rating on Lorillard (LO). Wells has a "high conviction" that Reynolds' deal with Lorillard will be approved by the FTC in March or April.
06:23 EDTMOAltria Group upgraded to Outperform from Market Perform at Wells Fargo
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January 15, 2015
12:29 EDTMOFollow-up: Altria Group upgraded at Nomura
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12:12 EDTMOAltria Group upgraded to Buy from Neutral at Nomura
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