Altria Upgraded to “Buy” at UBS (MO)

UBS reported on Monday that they have upgraded tobacco company, Altria Group, Inc.(MO) to a “Buy”.

The firm has upgraded MO from “Neutral” to “Buy,” and has given the company a price target of $36. This price target suggests a 12% increase over the stock’s current price of $31.77.

UBS sees the company having a positive quarter, with the company focused on price realization.

Altria shares were up 53 cents, or 1.70% during premarket trading Monday. The stock is up 5.36% YTD.

The Bottom Line
Shares of Altria Group (MO) have a 5.63% dividend yield, based on Friday’s closing stock price of $31.24. We have been recommending shares of MO since Aug.24, 2012, when the stock was trading at $33.45.

Altria Group, Inc.(MO) is a “Recommended” dividend stock at this time, holding a DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here