Why Altria’s Stock Is a Buy and Philip Morris Isn’t, According to Goldman Sachs

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https://www.barrons.com/articles/altria-is-a-buy-and-philip-morris-isnt-says-goldman-sachs-51647956262


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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…