Barclays Raises Altria's Price Target Amid Potential Tobacco Sector Re-Rating
On May 15, Barclays raised its price target for Altria (MO) to $64 from $63 while maintaining an Underweight rating. The firm cited potential innovation and growth in next-generation tobacco products due to new FDA guidance as a catalyst for sector re-rating.
Topics: Altria Barclays price target increase tobacco sector re-rating