Goldman Sachs Reiterate Bullish Stance On Lorillard (LO) On Latest Price Increase
Get Alerts LO Hot Sheet
Price: $71.40 --0%
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 42
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 42
Trade Now!
Join SI Premium – FREE
Lorillard, Inc. (NYSE: LO) raised the list price for Newport (menthol only), Kent, and True by about 1.5% or $3.00 per thousand, according to analysts at Goldman Sachs.
This is the third cigarette price increase of the year and highlights the pricing power of Newport, according to the firm.
The latest price increases will take effect Tuesday, November 30.
The firm reiterated their Conviction Buy List rating and $100 price target on Lorillard.
This is the third cigarette price increase of the year and highlights the pricing power of Newport, according to the firm.
The latest price increases will take effect Tuesday, November 30.
The firm reiterated their Conviction Buy List rating and $100 price target on Lorillard.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Goldman Sachs Downgrades Azul SA (AZUL) to Neutral
- UPDATE: Goldman Sachs Downgrades Grupo Aeroportuario Del Sureste (ASR) to Sell
- Yaskawa Electric (6506:JP) (YASKY) PT Raised to JPY7,000 at Goldman Sachs
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Goldman Sachs Conviction Buy List, Raising PricesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!