Altria Can Keep Growing Profit, Taking Market Share: Stifel

While Brexit is shaking the market again Monday, Altria ( MO ) is rising, and Stifel thinks that will continue to be the case. Analyst Christopher Growe and his team reiterated a Buy rating and raised their target price on the stock to $71, to reflect their “continued optimism” about Altria’s earnings growth potential, along with its 3.4% yield and the merger between Reynolds ( RAI ) and Lorillard ( LO ) which they believe will “enhance the category’s growth and profitability (and Altria’s growth too).” Read More »