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Stock Market & Financial Investment News

News Breaks
July 10, 2014
06:07 EDTLOLorillard implied volatility of 40 at upper end of index mean range
News For LO From The Last 14 Days
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January 21, 2015
09:37 EDTLOLorillard to host special shareholder meeting
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January 20, 2015
10:44 EDTLOWells sees tobacco stocks as 'place to be' for 2015
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07:21 EDTLOWells Fargo calls Tobacco 'place to be,' upgrades Altria Group
Wells Fargo calls the U.S. Tobacco sector the "place to be" in consumer staples in 2015. Wells lists positive catalysts for the group as stronger pricing power, protection from currency risk and upside potential from e-cigarettes. The firm says Reynolds American (RAI) remains its top pick and it raised its price target range for shares to $79-$81 from $69-$71. Wells upgraded Altria Group (MO) to Outperform from Market Perform with an increased price target range of $56-$58. The firm also has an Outperform rating on Lorillard (LO). Wells has a "high conviction" that Reynolds' deal with Lorillard will be approved by the FTC in March or April.

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