On Thursday analyst at Stifel Nicolaus upgraded Altria Group, Inc. (MO) as recent pullback has made the tobacco giant’s stock an attractive value.
The analysts upgraded MO from “Hold” to “Buy.” The firm sees shares reaching $36, suggesting a +13% upside to Wednesday’s closing price of $31.90.
Altria shares were up 30 cents, or +0.94%, during premarket trading on Thursday. The stock is up +11.07% over the past year.
The Bottom Line
We have been recommending shares of Altria Group (MO) since Aug.24, 2012, when the stock was trading at $33.45. The company has a 5.52% dividend yield, based on last night’s closing stock price of $31.90.
Altria Group, Inc. (MO) is recommended at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.