Jefferies reiterates Altria stock Underperform rating at $60
Investing.com
Jefferies has reiterated an Underperform rating on Altria Group Inc. (NYSE:MO) with a price target of $60.00, despite the broader analyst consensus and InvestingPro data suggesting the stock is undervalued at its current price of $66.95. The firm's analysts met with Altria's CEO and CFO to discuss their "Cowboy Cut" brand strategy, which aims to maintain premium combustible market share through rational pricing. While maintaining a bearish stance, the report highlights Altria's strong dividend h
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