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Altria Upgraded to “Buy” at Stifel Nicolaus (MO)
On Thursday analyst at Stifel Nicolaus upgraded Altria Group, Inc. (MO
) as recent pullback has made the tobacco giant’s stock an attractive value.
The analysts upgraded MO from “Hold” to “Buy.” The firm sees shares reaching $36, suggesting a +13% upside to Wednesday’s closing price of $31.90.
Altria shares were up 30 cents, or +0.94%, during premarket trading on Thursday. The stock is up +11.07% over the past year.
The Bottom Line
We have been recommending shares of Altria Group (MO) since Aug.24, 2012, when the stock was trading at $33.45. The company has a 5.52% dividend yield, based on last night’s closing stock price of $31.90.
Altria Group, Inc. (MO) is recommended at this time, holding a Dividend.com 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.
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