UPDATE: UBS Downgrades Altria (MO) to Neutral; Valuation Call
Tweet
Share
E-mailGet Alerts MO Hot Sheet
Price: $71.79 +0.28%
Rating Summary:
8 Buy, 10 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 14 | Down: 11 | New: 17
Rating Summary:
8 Buy, 10 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 14 | Down: 11 | New: 17
Join SI Premium – FREE
(Updated - July 26, 2012 2:20 PM EDT)
UBS downgraded Altria (NYSE: MO) from Buy to Neutral. PT maintained at $35.
Analyst, Nik Modi, said, "Our Buy thesis on MO had been based on 3 pillars: 1) stabilization in Marlboro share, 2) increases in cash distribution (buy backs/divs) and 3) consistent delivery of EPS---all of which we believed would lead to multiple expansion. Indeed, with these factors playing out and investors clearly looking to get more defensive, MO shares are up 20% YTD (vs. S&P 500 up 6.%), putting the stock close to our target."
Modi comments to investor looking for yield, says try Lorillard (NYSE: LO)(4.60%) or new yield in Energizer (NYSE: ENR)(approx. 2% starting in Sept)
For an analyst ratings summary and ratings history on Altria click here. For more ratings news on Altria click here.
Shares of Altria closed at $35.40 yesterday.
UBS downgraded Altria (NYSE: MO) from Buy to Neutral. PT maintained at $35.
Analyst, Nik Modi, said, "Our Buy thesis on MO had been based on 3 pillars: 1) stabilization in Marlboro share, 2) increases in cash distribution (buy backs/divs) and 3) consistent delivery of EPS---all of which we believed would lead to multiple expansion. Indeed, with these factors playing out and investors clearly looking to get more defensive, MO shares are up 20% YTD (vs. S&P 500 up 6.%), putting the stock close to our target."
Modi comments to investor looking for yield, says try Lorillard (NYSE: LO)(4.60%) or new yield in Energizer (NYSE: ENR)(approx. 2% starting in Sept)
For an analyst ratings summary and ratings history on Altria click here. For more ratings news on Altria click here.
Shares of Altria closed at $35.40 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UBS Starts Cartrade Tech Ltd (CARTRADE:IN) at Buy
- HSBC Downgrades AstraZeneca (AZN:LN) (AZN) to Hold
- HSBC Downgrades Samsonite International SA (1910:HK) (SMSEY) to Hold
Create E-mail Alert Related Categories
DowngradesRelated Entities
UBS, Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
