1 Wall Street Analyst Thinks Altria Stock Is Going to $65. Is It a Buy?

Altria (NYSE: MO) is one of the stock market's more divisive titles. As a major producer of cigarettes, its continued existence is controversial in a world that has grown more health-conscious and aware of tobacco's hazards. On the other hand, the company's traditionally strong financial performances and its high-yielding dividend have attracted countless investors over the years.It's safe to say there were more folks taking notice recently when one Wall Street analyst who tracks Altria upgraded her rating of it. Before the trading day opened on Dec. 6, news broke that Bank of America's Lisa Lewandowski had changed her view on Altria. She's now convinced that it is a buy, where previously she had ranked the tobacco stock as neutral. She also lifted her target price on it significantly, from $55 per share to $65. That new level is nearly 19% higher than the stock's closing price on Dec. 11. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool