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  /  News   /  Altria Is a Buy and Philip Morris Isn’t, Says Goldman Sachs

Altria Is a Buy and Philip Morris Isn’t, Says Goldman Sachs

Altria Group has been the standout in Big Tobacco this year, and Goldman Sachs argues that strength looks set to continue, thanks to its defensive, domestic-focused business, making it a better buy than Philip Morris International.

Analyst Bonnie Herzog raised her rating on Altria (ticker: MO) to Buy from Neutral and her price target to $57 from $48. By contrast, she cut her rating on Philip Morris (PM) to Neutral from Buy, and lowered her price target to $100 from $116.

Altria…

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