UBS Maintains Sell on Altria Group, Raises Price Target to $36.5
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Faham Baig has maintained a Sell rating on Altria Group (NYSE:MO) but has raised the price target from $36.1 to $36.5.
April 08, 2024 | 9:54 pm
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NEGATIVE IMPACT
UBS has maintained a Sell rating on Altria Group but increased the price target slightly from $36.1 to $36.5.
The maintenance of a Sell rating by a major financial institution like UBS suggests a negative outlook on Altria Group's stock in the short term. However, the slight increase in the price target indicates a nuanced view that may not be entirely bearish. This could lead to a mixed reaction in the market, but the Sell rating is likely to have a more significant impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100