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UBS takes a shine to a pair of tobacco names, raising its price target on buy-rated Altria (MO...

  • Monday, April 30, 2012, 1:05 PM ET
    UBS takes a shine to a pair of tobacco names, raising its price target on buy-rated Altria (MO +0.1%) and Lorillard (LO -0.7%). Despite a strong run that has seen the duo outperform consumer staples by a healthy margin in 2012, analyst Nik Modu says strong sector rotation, low interest rates, and favorable pricing remains in play.
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    Good news is always appreciated. Some analysts worry about the " sin " companies but, I think they're really the last to suffer in a recessionary environment. I still like my MO !
    30 Apr 2012, 02:39 PM Reply Like
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