Stifel analyst Christopher Growe noted that Altria (MO) announced that it is raising prices for its cigarettes by 9c per pack, which was slightly ahead of his 1c per pack expectations, although right in line with his expectations for timing at six months since the last increase. This increase is "quite supportive" of the company's yearly EPS growth outlook of 15%-19%, but he believes this was fully factored in Altria's guidance, Growe said. As in the past, he expects competitors Reynolds American (BTI) and Imperial Brands (IMBBY) to follow suit quickly, Growe added. He keeps a Buy rating and $78 price target on Altria shares.