Altria: 7.7% Yield, But Limited Upside (Rating Downgrade)
MOAltria(MO) Seeking Alpha·2024-08-04 23:52
krblokhin Altria Group (NYSE:MO) submitted a solid earnings sheet for the second fiscal quarter, although the tobacco firm missed on both the top and the bottom line. Strong NJOY momentum, driven by growing distribution and product uptake, continues to support the company's earnings growth projection and the e-cigarette market opportunity is growing for Altria. On the other hand, Altria's combustible segment is still struggling as smokers turn away from traditional tobacco products. From a dividend cove ...