Altria (MO) is raised to Outperform with a new $31-$33 target price range, up from $26-$28, at...

|About: Altria Group, Inc. (MO)|By:, SA News Editor

Altria (MO) is raised to Outperform with a new $31-$33 target price range, up from $26-$28, at Wells Fargo. The firm believes MO "is well on its way to achieving a better balance between stabilizing Marlboro market share and growing profitability." Rival tobacco company Reynolds American (RAI) is cut to Market Perform.