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TipRanksStock Market NewsMO NewsJefferies Believes Altria Group (MO) Still Has Room to Grow
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Jefferies Believes Altria Group (MO) Still Has Room to Grow

In a report released today, Owen Bennett from Jefferies maintained a Buy rating on Altria Group (MOResearch Report), with a price target of $57.00. The company’s shares closed last Tuesday at $54.70, close to its 52-week high of $54.76.

According to TipRanks.com, Bennett is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.8% and a 39.9% success rate. Bennett covers the Basic Materials sector, focusing on stocks such as Green Thumb Industries, Cronos Group, and Cresco Labs.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Altria Group with a $53.50 average price target.

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Based on Altria Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.09 billion and net profit of $1.62 billion. In comparison, last year the company earned revenue of $5.06 billion and had a net profit of $1.92 billion.

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Virginia-based Altria Group, Inc. is a tobacco company, which manufactures and sells cigarettes, smokeless products, and wine in the United States. Its most popular cigarette brand is Marlboro. It sells cigars principally under the Black & Mild brand, and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands. The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle and 14 Hands labels. It also owns wineries in or distributes wines from several other wine regions.

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