The Altria Group (MO) Lowered by the Zacks Investment Research – BangaloreWeekly

Zacks Investment Research cut shares of Altria Group (NYSE:MO) from a hold rating to a sell rating in a report released on Wednesday morning.

According to Zacks, “Estimates for Altria have been revised upward as Altria continues strong pricing power helps it to maintain margins. Overall we are optimistic about Altria’s subsidiary, Nu Mark LLC, which expanded the distribution of MarkTen XL e-vapor products and Green Smoke e-cigarettes in several lead markets. This should drive sales going ahead. Although the shares of the company are outperforming the Zacks categorized Tobacco industry in the last three months. The company’s growing market share in the e-cigarette category and efforts to adapt to the evolving consumer trends and develop less harmful alternative tobacco products are encouraging. However, the company is facing declining volumes, high federal & state excise taxes, exposure to strict anti-smoking rules. Further Altria is losing market share in the smokeless category.”

MO has been the topic of a number of other research reports. Vetr cut shares of Altria Group from a buy rating to a hold rating and

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