Citigroup Maintains Neutral on Altria Group, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Adam Spielman maintains a Neutral rating on Altria Group (NYSE:MO) but raises the price target from $44.5 to $48.
October 08, 2024 | 7:19 pm
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Citigroup analyst Adam Spielman maintains a Neutral rating on Altria Group but raises the price target from $44.5 to $48, indicating a positive outlook on the stock's potential value.
The increase in price target from $44.5 to $48 suggests a positive outlook on Altria's potential value, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see significant upside potential beyond the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100