Citi sees more upside for tobacco sector investors with Altria (NYSE:MO) than Philip Morris International (NYSE:PM) based on current valuations on the two.
The firm lifts Altria to a Buy rating from Neutral, while sliding Philip Morris to a Neutral rating from Buy.
Shares of Altria are up 0.52% premarket to $49.89. Philip Morris is down 0.55% in the early session.
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