Marlboro maker cuts profit forecast as smokers swap to cheaper brands
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Citi Negative on Altria (MO), 'disappointing Q3 results'
October 26, 2023 2:18 PM EDTCiti analyst Adam Spielman lowered the price target on Altria (NYSE: MO) to $42.00 (from $45.00) while maintaining a Neutral rating.
The analyst comments "We update our Altria model to reflect the disappointing Q3 results. US cigarette volumes were worse than expected, with Q3 shipments down... More
