Altria Group Price Target Raised by Analysts
Average Price Target Now $48
Analysts are bullish on Altria Group (MO) after the company reported strong earnings last week. The average price target for MO has been raised to $48, up from $45 previously. The new target suggests that analysts believe the stock has upside potential of about 10%.
The analysts who raised their price targets for MO cited the company's strong cash flow, consistent earnings growth, and attractive dividend yield. They also noted that MO is well-positioned to benefit from the growing demand for tobacco products in emerging markets.
The consensus rating for MO is "buy." The stock has a market capitalization of $116 billion and trades at a trailing price-to-earnings ratio of 15.5.
Comments