Altria Group Inc (NYSE:MO) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports. They currently have a $66.00 price objective on the stock, up from their prior price objective of $61.41. Bank of America’s price target points to a potential upside of 7.47% from the company’s previous close. The analysts noted that the move was a valuation call.
MO has been the subject of a number of other research reports. Vetr upgraded Altria Group from a “buy” rating to a “strong-buy” rating and set a $63.96 price objective for the company in a research report on Thursday, December 3rd. Stifel Nicolaus reiterated a “buy” rating on shares of Altria Group in a research report on Tuesday, January 19th. Credit Agricole reissued an “outperform” rating and issued a $58.00 target price (up from $51.00) on shares of Altria Group in a report on Thursday, December 3rd. Finally, Zacks Investment Research raised Altria Group from a “sell” rating to a “hold” rating in a report on Monday, January 4th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Altria Group presently has an average rating of “Hold” and a consensus target price of $60.89.
Shares of Altria Group (NYSE:MO) opened at 61.41 on Thursday. The stock has a market capitalization of $120.13 billion and a P/E ratio of 23.02. The firm’s 50-day moving average price is $61.30 and its 200 day moving average price is $58.45. Altria Group has a 12-month low of $47.31 and a 12-month high of $63.15.
Source: American Banking and Market News