Cowen Downgrades Altria (MO) to Market Perform

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Go back to Cowen Downgrades Altria (MO) to Market Perform

Altria (MO) PT Lifted to $65 at Nomura; Confident in Double-Digit EPS Growth

November 2, 2015 6:43 AM EST

Nomura Securities analyst Owen Bennett reiterated a Buy rating and bumped his price target on Altria (NYSE: MO) to $65.00 (from $64.00) saying they are confident about double-digit earnings growth in FY15 and FY16.

Bennett highlighted:

We raise our FY15E group EBIT: Reflecting continued share momentum across smokeable and smokeless as well as better-than-expected... More

Altria Group (MO) Reports In-Line Q3 EPS; Reaffirms

October 29, 2015 8:22 AM EDT

Altria Group (NYSE: MO) reported Q3 EPS of $0.75, in-line with the analyst estimate of $0.75. Revenue net of excise taxes for the quarter came in at $4.36 billion, versus $4.16 billion reported last year.

Altria Group reaffirmed FY2015 EPS of $2.76-$2.81, versus the consensus of $2.82.

Altria... More