UBS Lifts Altria (MO) Price Target, Keeps Buy Rating

Altria Group, Inc. (NYSE:MO) is one of the 11 Most Profitable Cheap Stocks to Invest In Now. On January 26, UBS increased its price target on Altria Group, Inc. (NYSE:MO) from $63 to $67 and maintained its Buy rating on the stock.

The firm noted that risks facing the company, including worries around combustible volume mix, duty drawback benefits, and lower nicotine pouch volumes, are manageable. UBS also noted that while progress in smoke-free products is slow, Altria Group, Inc. (NYSE:MO) is still well positioned to return to revenue growth and accelerate earnings per share during 2026 and 2027.

Previously, on December 11, Altria Group, Inc. (NYSE:MO) reported that its CEO, Billy Gifford, has decided to retire, effective May 14, 2026. The Board of Directors has chosen Salvatore Mancuso to take over as the next CEO of the company. Gifford will serve as a consultant to Altria Group, Inc. (NYSE:MO) through at least the end of 2026, supporting a smooth transition.

Salvatore Mancuso has served as Altria Group, Inc.’s (NYSE:MO) Vice President and Chief Financial Officer since 2020. He has also worked in leadership positions across the company’s strategy, finance, and compliance teams.

Altria Group, Inc. (NYSE:MO) is an American company and one of the world’s biggest producers and marketers of tobacco, cigarettes, and medical products. It specializes in both combustible and smoke-free products.

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Disclosure: None. This article is originally published at Insider Monkey.