Altria Group price target raised to $56 from $55 at Jefferies

Jefferies analyst Owen Bennett raised the firm’s price target on Altria Group to $56 from $55 and keeps a Buy rating on the shares as the analyst previewed the company’s Q3 results. The firm likes the set-up as it argues that current operating pressures are “well understood,” that delivery has “remained robust even against these headwinds” and that the multiple risk is “skewed to the upside.”