Wells Fargo positive on tobacco stocks

|By:, SA News Editor

Wells Fargo analyst Bonnie Herzog predicts the FDA will approve Philip Morris International's (NYSE:PM) IQOS heated tobacco system as soon as this year

Herzo also sees Altria (NYSE:MO) growing earnings at a double-digit clip through 2020.

Philip Morris is flat in premarket trading, while Altria is up 0.4% to $65.90.

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