Cowen, Jefferies React To Tobacco Name Selloff

SBG Securities Upgrades British American Tobacco (BTI) to Buy

SBG Securities upgraded British American Tobacco (NYSE: BTI) from Hold to Buy.

Analyst Rey Wium believes the recent share price correction has improved the risk/reward proposition. He comments further that "The US Food and Drug Administration (FDA) announced a new... More

RBC Capital Upgrades Altria (MO) to Sector Perform

RBC Capital upgraded Altria (NYSE: MO) from Underperform to Sector Perform with a price target of $62.00.

Analyst Nik Modi believes the company is not a take-out candidate in the NT, the valuation is fair at current levels, and fundamentals are coming under pressure... More

Cowen Says Tobacco Concerns Not Misplaced, But Lots of Questions

Cowen analyst Vivien Azer was the latest to weight in on surprise news from the FDA that that it intends to begin public dialogue to lower nicotine levels in combustible cigarettes to "non-addictive levels.

Azer said while concern among investors is clear and not misplaced if the strictest... More

Altria Group (MO) Defended at Wells Fargo

Wells Fargo maintains Outperform Altria (NYSE: MO), price target $80.00.

The analyst notes that the company is achieving better balance between stabilizing Marlboro market share and growing profitability. Further, upside does exist from strong pricing trends and the potential of vapor/iQOS... More

Philip Morris (PM) Defended at Piper Jaffray

Piper Jaffray maintains Overweight on Philip Morris (NYSE: PM) price target of $134.00.

Analyst Mike Lavery believes PM, which he says has no cigarette sales in the US "whatsoever", is trading in sympathy to earlier FDA news and he believes the news... More

Tobacco Stocks Off Lows on Analyst Defense

Tobacco stocks coming off lows as analysts coming out to defend: British American Tobacco (NYSE: BTI), Altria Group (NYSE: MO), Philip Morris (NYSE: PM).

Altria (MO), British American Tobacco (BTI) Shares Crushed Following FDA Announcement Discussing Lower Nicotine Levels in Cigarettes

(Updated - July 28, 2017 10:43 AM EDT)

Altria Group (NYSE: MO) and British American Tobacco (NYSE: BTI) dropped 8% after the FDA said it plans to begin a public dialogue about lowering nicotine levels in combustible cigarettes to non-addictive levels... More

FDA to Begin Public Dialogue about Lowering Nicotine Levels in Combustible Cigarettes to Non-addictive Levels

(Updated - July 28, 2017 10:04 AM EDT)

The U.S. Food and Drug Administration today announced a new comprehensive plan for tobacco and nicotine regulation that will serve as a multi-year roadmap to better protect kids and significantly reduce tobacco-related disease and death. The approach places nicotine, and the issue of addiction, at the center of the agencys tobacco regulation efforts. The goal is to ensure that the FDA has the proper scientific and regulatory foundation to efficiently and effectively implement the Family Smoking Prevention and Tobacco Control Act. To make certain that the FDA is striking an appropriate balance... More