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Fly News Breaks for July 17, 2017
MO
Jul 17, 2017 | 07:57 EDT
Wells Fargo believes that Altria Group's Q2 results were hurt by the California excise tax and the performance of its cheaper brands. It believes that the stock's risk/reward is negative heading into the results. However, the firm recommends that longer term investors buy the stock on any weakness following the results. It keeps an Outperform rating on the shares.
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