“Sanford C. Bernstein cut shares of Altria Group (NYSE:MO – Get Rating) from an outperform rating to a market perform rating in a research note released on Tuesday morning, Briefing.com reports. Sanford C. Bernstein currently has $53.00 price target on the stock, down from their prior price target of $58.00.”
“A number of other research analysts have also commented on MO. Cowen increased their price objective on Altria Group from $51.00 to $53.00 in a report on Thursday, April 7th. StockNews.com began coverage on Altria Group in a report on Thursday, March 31st. They set a buy rating on the stock. Royal Bank of Canada lowered Altria Group from an outperform rating to a sector perform rating and set a $53.00 price objective on the stock. in a report on Monday, March 28th. Deutsche Bank Aktiengesellschaft raised their target price on Altria Group from $54.00 to $60.00 in a report on Friday, April 29th. Finally, Morgan Stanley raised their target price on Altria Group from $47.00 to $51.00 and gave the company an equal weight rating in a report on Wednesday, January 26th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $53.75.”
It went down to around $51,20 because it was downgraded to $53. Lowest target price is Morgan Stanley at $51. This is a great buying opportunity specially for dividend investors, just bought some.
What are you thoughs and plans on MO stock?
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