On Tuesday, analysts at Jefferies & Co. boosted the price target and earnings estimates on tobacco company Lorillard Inc. (LO) due to its bullish long-term outlook.
The analysts maintain a “Buy” rating on LO and see shares now reaching $46. This new target suggests an 11% upside to Friday’s closing price of $41.46.
Lorillard shares were down slightly during morning trading on Tuesday. The stock is down -1.49% over the past twelve months.
The Bottom Line
Shares of Lorillard (LO) have a dividend yield of 5.31% based on Tuesday’s intraday trading price of $41.41 and the company’s annualized dividend payout of $2.20 per share.
Lorillard Inc. (LO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.