Altria Stock: Still Smoking Hot Despite Declining Sales
MOAltria(MO) Seeking Alpha·2024-09-12 21:39
krblokhin Altria (NYSE:MO), the 2nd-largest tobacco company by market cap, has performed relatively well since my latest Buy rating on the stock in May 2023. After reviewing the stock's valuation again today, I realized that it's still undervalued and has plenty of upside potential ahead. Additionally, the US tobacco market is actually expected to grow (albeit very slowly) in the coming years, so that can help Altria maintain relatively stable revenue figures in the longer term, even though it has seen  ...