Altria rises after UBS upgrades stock to 'buy'

Altria

09/01/2026 16:39

** Shares of tobacco giant Altria Group MO.N up ~2% to $57.06

** UBS upgrades stock to "buy" from "neutral", raises PT to $63 from $61

** Says despite slow progress in smoke-free, Altria could return to revenue growth, and deliver an acceleration in EPS growth over next two years

**  Says worst of Altria's cigarette volume decline could be behind, citing improvement in 2026 helped by industry trends and price investments

** Brokerage believes cigarette sales are declining more slowly as there are fewer smokers left to switch to vapes

** Six of 16 brokerages rate the stock "buy" or higher, seven "hold", 3 rate the stock "sell" or higher; with a median PT of $62.50

** Shares rose 10.3% in 2025

 (Reporting by Koyena Das in Bengaluru)

 ((koyena.das@thomsonreuters.com))