UPDATE: UBS Downgrades Altria (MO) to Neutral; Valuation Call
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Price: $68.44 +1.02%
Rating Summary:
8 Buy, 11 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 33 | Down: 45 | New: 4
Rating Summary:
8 Buy, 11 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 33 | Down: 45 | New: 4
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(Updated - July 26, 2012 2:20 PM EDT)
UBS downgraded Altria (NYSE: MO) from Buy to Neutral. PT maintained at $35.
Analyst, Nik Modi, said, "Our Buy thesis on MO had been based on 3 pillars: 1) stabilization in Marlboro share, 2) increases in cash distribution (buy backs/divs) and 3) consistent delivery of EPS---all of which we believed would lead to multiple expansion. Indeed, with these factors playing out and investors clearly looking to get more defensive, MO shares are up 20% YTD (vs. S&P 500 up 6.%), putting the stock close to our target."
Modi comments to investor looking for yield, says try Lorillard (NYSE: LO)(4.60%) or new yield in Energizer (NYSE: ENR)(approx. 2% starting in Sept)
For an analyst ratings summary and ratings history on Altria click here. For more ratings news on Altria click here.
Shares of Altria closed at $35.40 yesterday.
UBS downgraded Altria (NYSE: MO) from Buy to Neutral. PT maintained at $35.
Analyst, Nik Modi, said, "Our Buy thesis on MO had been based on 3 pillars: 1) stabilization in Marlboro share, 2) increases in cash distribution (buy backs/divs) and 3) consistent delivery of EPS---all of which we believed would lead to multiple expansion. Indeed, with these factors playing out and investors clearly looking to get more defensive, MO shares are up 20% YTD (vs. S&P 500 up 6.%), putting the stock close to our target."
Modi comments to investor looking for yield, says try Lorillard (NYSE: LO)(4.60%) or new yield in Energizer (NYSE: ENR)(approx. 2% starting in Sept)
For an analyst ratings summary and ratings history on Altria click here. For more ratings news on Altria click here.
Shares of Altria closed at $35.40 yesterday.
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