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Fly News Breaks for September 13, 2016
PM, RAI, MO
Sep 13, 2016 | 07:29 EDT
Citi analyst Adam Spielman started Altria Group (MO) with a Buy rating and $72 price target. The analyst expects domestic demand for cigarettes is "likely to remain robust. Spielman prefers shares of Altria and Reynolds American (RAI) to Philip Morris (PM). He initiated this morning Reynolds with a Buy rating and Philip Morris with a Neutral.