Altria Group (NYSE:MO) Given New $50.00 Price Target at Jefferies Financial Group

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Jefferies Financial Group has raised its price target for Altria Group (NYSE:MO) to $50.00 from $47.00, while maintaining an “underperform” rating, indicating a potential downside of 24.79% from its current price. Despite this, other analysts have set higher price targets, contributing to a consensus “Hold” rating and an average target price of $64.33 for the stock. Altria recently reported a slight EPS miss and a 0.5% decrease in revenue year-over-year, alongside a market capitalization of $111.15 billion and a P/E ratio of 16.18.

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