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Benzinga
Benzinga
Business
Priya Nigam

Morgan Stanley Downgrades Altria Group On Growing Headwinds

Altria Group Inc (NYSE:MO) is likely to be adversely impacted by lower cigarette volumes due to rising gas and food prices, according to Morgan Stanley.

The Altria Group Analyst: Pamela Kaufman downgraded the rating for Altria Group from Equal-Weight to Underweight, while reducing the price target from $54 to $50.

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