UBS Lifts Altria (MO) Price Target, Keeps Buy Rating

Altria Group, Inc. (NYSE:MO) is 1 of the 11 Most Profitable Cheap Stocks to Invest In Now. On January 26, UBS accrued its terms people connected Altria Group, Inc. (NYSE:MO) from $63 to $67 and maintained its Buy standing connected the stock.

The steadfast noted that risks facing the company, including worries astir combustible measurement mix, work drawback benefits, and little nicotine pouch volumes, are manageable. UBS besides noted that portion advancement successful smoke-free products is slow, Altria Group, Inc. (NYSE:MO) is inactive good positioned to instrumentality to gross maturation and accelerate net per stock during 2026 and 2027.

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Previously, connected December 11, Altria Group, Inc. (NYSE:MO) reported that its CEO, Billy Gifford, has decided to retire, effectual May 14, 2026. The Board of Directors has chosen Salvatore Mancuso to instrumentality implicit arsenic the adjacent CEO of the company. Gifford volition service arsenic a advisor to Altria Group, Inc. (NYSE:MO) done astatine slightest the extremity of 2026, supporting a creaseless transition.

Salvatore Mancuso has served arsenic Altria Group, Inc.’s (NYSE:MO) Vice President and Chief Financial Officer since 2020. He has besides worked successful enactment positions crossed the company’s strategy, finance, and compliance teams.

Altria Group, Inc. (NYSE:MO) is an American institution and 1 of the world’s biggest producers and marketers of tobacco, cigarettes, and aesculapian products. It specializes successful some combustible and smoke-free products.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.