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Citi picks Altria over Philip Morris

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

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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