Altria Group downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Altria Group (MO) to Market Perform saying the company "has the most to lose" as consumption of vapor surpasses consumption of combustible cigarettes over the next decade. Wells keeps a $41-$43 price target range for shares. The firm coupled the downgrade with an upgrade of Reynolds American (RAI).
News For MO;RAI From The Last 14 Days
Check below for free stories on MO;RAI the last two weeks.
Altria Group backs FY14 adjusted EPS view $2.54-$2.59, consensus $2.57 Altria reaffirms its 2014 full-year guidance for both reported and adjusted diluted EPS to be in a range of $2.54-$2.59 ahead of its appearance at the Barclays Back-To-School Consumer Conference.