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MO

Altria Group

$55.34

0.49 (0.89%)

13:51
05/17/18
05/17
13:51
05/17/18
13:51

Altria board authorizes $1B expansion to $1B share buyback program

Altria's Board has authorized a $1B expansion to the existing $1B share repurchase program. Altria now expects to complete the expanded $2B share repurchase program by the end of the second quarter of 2019. The timing of share repurchases depends upon marketplace conditions and other factors. This program remains subject to the discretion of the Board.

  • 17

    May

MO Altria Group
$55.34

0.49 (0.89%)

04/24/18
PIPR
04/24/18
NO CHANGE
Target $75
PIPR
Overweight
Piper Jaffray still sees 'significant upside' in shares of Altria Group
In a research note titled "The Sky Is Not Falling," Piper Jaffray analyst Michael Lavery says he believes Altria Group can deliver double-digit earnings growth over the next three years, above its long-term 7%-9% growth target, driven by pricing, tax savings, share buybacks and falling interest expense. Lavery adds that while JUUL is enjoying rapid sales growth and is a noteworthy competitor, his analysis suggests it skews to lighter users and has less converted heavy smokers. The analyst lowered his price target for Altria to $75 from $81 and maintains an Overweight rating on the shares. Lavery trimmed his multiple but still sees "significant upside" in the shares.
04/30/18
RBCM
04/30/18
UPGRADE
RBCM
Outperform
Altria Group upgraded to Outperform from Sector Perform at RBC Capital
04/30/18
RBCM
04/30/18
UPGRADE
Target $65
RBCM
Outperform
Altria Group upgraded to Outperform at RBC Capital on valuation
As reported earlier, RBC Capital analyst Nik Modi upgraded Altria Group to Outperform from Sector Perform with a price target of $65. Modi notes that while his concerns around the macro backdrop and fundamentals persist, the current valuation of 13-times forward PE is attractive relative to the broader Consumer Packaged Goods category given the company's potential catalysts of more dividend increases tracking higher interest rates and the FDA approval process for IQOS electronic cigarettes.
04/30/18
04/30/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Altria Group (MO) upgraded to Outperform from Sector Perform at RBC Capital with analyst Nik Modi saying while his concerns around the macro backdrop and fundamentals persist, the current valuation of 13-times forward PE is attractive relative to the broader Consumer Packaged Goods category given the company's potential catalysts of more dividend increases tracking higher interest rates and the FDA approval process for IQOS electronic cigarettes. 2. Aaron's (AAN) upgraded to Buy from Hold at Loop Capital with analyst Anthony Chukumba saying he remains "impressed" by Progressive's revenue growth and thinks the unit will benefit from Rent-A-Center's (RCII) "ongoing struggles." 3. Cirrus Logic (CRUS) upgraded to Buy from Hold at Craig-Hallum with analyst Anthony Stoss saying he believes Apple (AAPL) headwinds are already priced into the stock and a relief rally is likely following the company's upcoming earnings this Wednesday. 4. Ventas (VTR) upgraded to Market Perform from Underperform at BMO Capital with John Kim citing a more attractive valuation after the stock price came down another 19% in 2018. 5. New York Times (NYT) upgraded to Overweight from Neutral at JPMorgan with analyst Alexia Quadrani saying she believes digital demand will likely drive further "outsized growth" for New York Times. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

DAR

Darling Ingredients

$18.45

0.275 (1.51%)

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MU

Micron

$55.48

2.11 (3.95%)

, INTC

Intel

$54.32

0.82 (1.53%)

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Micron, Intel announce production, shipment of 4bits/cell 3D NAND tech »

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MU

Micron

$55.48

2.11 (3.95%)

INTC

Intel

$54.32

0.82 (1.53%)

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  • 21

    May

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    May

HTLF

Heartland Financial

$55.70

0.55 (1.00%)

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Heartland Financial completes FBLB purchase, sees immediate accretion to EPS »

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  • 24

    Sep

SAIL

SailPoint

$22.43

-0.16 (-0.71%)

16:30
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16:30
Syndicate
SailPoint announces common stock offering for holders »

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  • 24

    May

16:30
05/21/18
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Options
Preliminary option volume of 17.0M today »

Preliminary option volume…

FBK

FB Financial

$43.62

0.61 (1.42%)

16:28
05/21/18
05/21
16:28
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16:28
Syndicate
FB Financial files to sell 3.2M shares of common stock for holders »

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  • 05

    Jun

  • 24

    Sep

MS

Morgan Stanley

$54.37

0.45 (0.83%)

, DQ

Daqo New Energy

$65.37

0.515 (0.79%)

16:27
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Breaking Hot Stocks news story on Morgan Stanley, Daqo New Energy »

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MS

Morgan Stanley

$54.37

0.45 (0.83%)

DQ

Daqo New Energy

$65.37

0.515 (0.79%)

03/08/13
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  • 23

    May

  • 22

    Jun

APA

Apache

$44.27

0.36 (0.82%)

16:26
05/21/18
05/21
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16:26
Recommendations
Apache analyst commentary  »

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IGT

International Game

$29.75

-0.655 (-2.15%)

16:25
05/21/18
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Hot Stocks
International Game sees FY18 adjusted EBITDA $1.7B-$1.78B »

Sees FY18 CapEx…

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IGT

International Game

$29.75

-0.655 (-2.15%)

16:24
05/21/18
05/21
16:24
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16:24
Earnings
International Game reports Q1 adjusted EPS 15c, consensus 27c »

Reports Q1 revenue…

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SQ

Square

$56.37

1.33 (2.42%)

16:23
05/21/18
05/21
16:23
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16:23
Syndicate
Breaking Syndicate news story on Square »

Square files to sell…

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  • 22

    May

  • 23

    May

  • 30

    May

SAIL

SailPoint

$22.43

-0.16 (-0.71%)

16:23
05/21/18
05/21
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16:23
Syndicate
Breaking Syndicate news story on SailPoint »

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  • 24

    May

RP

RealPage

$59.45

-0.1 (-0.17%)

16:22
05/21/18
05/21
16:22
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16:22
Syndicate
Breaking Syndicate news story on RealPage »

RealPage files automatic…

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  • 12

    Jun

STKS

One Group Hospitality

$2.49

(0.00%)

16:21
05/21/18
05/21
16:21
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16:21
Syndicate
Breaking Syndicate news story on One Group Hospitality »

One Group Hospitality…

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TWNK

Hostess Brands

$12.85

0.15 (1.18%)

16:20
05/21/18
05/21
16:20
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16:20
Initiation
Hostess Brands initiated  »

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OXFD

Oxford Immunotec

$13.74

0.18 (1.33%)

16:20
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Oxford Immunotec T-SPOT TB test included in WHO 'first-ever' essential list »

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  • 21

    May

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Options
Closing CBOE SPX and VIX Index summary for May 21st »

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FPAY

FlexShopper

$2.90

-0.11 (-3.65%)

16:19
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FlexShopper receives notice of allowance from USPTO for LTO transaction system »

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CADE

Cadence Bancorp

$29.07

0.01 (0.03%)

16:19
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Syndicate
Breaking Syndicate news story on Cadence Bancorp »

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  • 22

    May

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    Sep

CHRS

Coherus Biosciences

$15.25

-0.2 (-1.29%)

16:19
05/21/18
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16:19
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16:19
Syndicate
Coherus Biosciences files to sell $75M in common stock »

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LW

Lamb Weston

$66.72

-0.08 (-0.12%)

16:18
05/21/18
05/21
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16:18
Initiation
Lamb Weston initiated  »

Lamb Weston initiated…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
05/21/18
05/21
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16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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CW

Curtiss-Wright

$134.02

1.97 (1.49%)

16:16
05/21/18
05/21
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Curtiss-Wright board authorizes additional $50M for share repurchases »

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  • 13

    Jun

VNCE

Vince Holding

$8.89

0.09 (1.02%)

16:16
05/21/18
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Vince Holding regains compliance with NYSE listing standards »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
05/21/18
05/21
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Technical Analysis
NYSE market internals summary »

Volume is above average…

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