Altria (MO) Price Target Raised to $64 by Barclays
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowOn May 15, Barclays increased its price target on Altria Group, Inc. (MO) to $64 from $63 while maintaining an Underweight rating. The firm cited recent FDA guidance prompting potential innovations in the tobacco sector. During Q1 2026, CEO William Gifford reported a 7.3% increase in adjusted diluted EPS and noted shipment volumes for the on! portfolio grew nearly 18%, exceeding 46 million cans. These developments suggest that Altria’s strong cash flow could support shareholder returns through dividends and buybacks, highlighting ongoing growth opportunities in the market.
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About Altria Group Inc. (MO)
Altria is a U.S. tobacco company best known for Marlboro cigarettes.
The Consumer Staples sector covers food, beverage and household-goods companies that tend to hold up in any economy.
Earlier MO news
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- Highest-Yielding Dividend Kings: Altria (MO) 6.3% Yield in April
- Altria (MO) Q4 Revenues at $5.85B, Nicotine Pouch Sales Rise 11%
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