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MO

Altria Group

$54.70

-0.14 (-0.26%)

07:04
04/25/19
04/25
07:04
04/25/19
07:04

Altria Group backs FY19 adj. EPS view of $4.15-$4.27, consensus $4.19

Altria reaffirms its guidance for 2019 full-year adjusted diluted EPS to be in a range of $4.15 to $4.27, representing a growth rate of 4% to 7% from an adjusted diluted EPS base of $3.99 in 2018, as shown in Schedule 6. Altria's 2019 guidance reflects its expectation for a higher full-year adjusted effective tax rate, primarily resulting from lower dividends from AB InBev; increased interest expense from the debt incurred to fund the Cronos and JUUL transactions; savings from the Cost Reduction Program, which Altria expects to build over the course of the year to an annualized level of approximately $575 million; and increased investments related to PM USA's lead market plans for launching IQOS, once authorized by the FDA. The guidance assumes little-to-no earnings or cash contributions from the Cronos and JUUL investments. Altria revises its estimate for the 2019 full-year total domestic cigarette industry volume decline rate to a range of 4% to 5%, primarily due to increased gas prices and other factors that Altria believes impacted adult tobacco consumer behavior in the first quarter of 2019. Altria reaffirms its 2019 full-year adjusted effective tax rate to be in a range of 23.5% to 24.5%.

  • 25

    Apr

  • 16

    May

MO Altria Group
$54.70

-0.14 (-0.26%)

02/25/19
JEFF
02/25/19
INITIATION
JEFF
Underperform
Cronos Group initiated with an Underperform at Jefferies
Jefferies analyst Owen Bennett initiated coverage of nine cannabis stocks, stating that his base-case "conservative" assumption is that the cannabis industry can grow in size to over $50B by 2029 from $17B in 2019. He started Cronos Group (CRON) with an Underperform rating and C$17 price target, stating that "at present we feel there is little to get really excited about other than the investment and large sum of money" from Altria (MO). He thinks "the market has gotten ahead of itself" on Cronos as he questions when Altria value creation will begin to materialize, Bennett tells investors.
03/05/19
COWN
03/05/19
INITIATION
COWN
Market Perform
Cronos Group initiated with a Market Perform at Cowen
Cowen analyst Vivien Azer started Cronos Group (CRON) with a Market Perform rating and C$29 price target. The analyst likes the company's story as an asset-light, global low-cost producer with operational support and invested capital from Altria Group (MO). However, Azer says the stock's current valuation prevents her from taking a more constructive position at this time.
03/06/19
JEFF
03/06/19
NO CHANGE
JEFF
Gottlieb resignation positive for tobacco sentiment, says Jefferies
The resignation of FDA commissioner Scott Gottlieb is a net positive for tobacco sentiment, particularly for British American Tobacco (BTI) as it should lessen concerns related to any possible action around a menthol ban near term, Jefferies analyst Owen Bennett tells investors in a research note. A potential delay to guidelines around e-vapour restrictions could also support both British American and Imperial Brands (IMBBY), adds the analyst.
03/06/19
MSCO
03/06/19
NO CHANGE
MSCO
Resignation of Gottlieb lowers near-term overhang on Altria, says Morgan Stanley
Morgan Stanley analyst Pamela Kaufman said she expects a positive reaction in tobacco stocks to the news that FDA Commissioner Scott Gottlieb will resign in April as it likely delays the agency's near-term tobacco control objectives. Gottlieb has been very vocal on tobacco regulation and his resignation creates a vacuum in leadership and uncertainty about the agency's strategy for tobacco control until a new head is appointed, though leadership at the Center of Tobacco Products remains intact under Mitch Zeller, Kaufman tells investors. While his resignation reduces the near-term regulatory overhang on Altria (MO), it could be a "mixed bag for e-cigs," as Gottlieb changed his tone last year due to the youth e-cig epidemic but he had previously increased leniency towards the category when he pushed out the PMTA deadline to 2022 from 2018, added Kaufman.

TODAY'S FREE FLY STORIES

GM

General Motors

$35.66

-0.36 (-1.00%)

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T

AT&T

$32.36

0.06 (0.19%)

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Comcast

$42.31

0.62 (1.49%)

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T

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$32.36

0.06 (0.19%)

CMCSA

Comcast

$42.31

0.62 (1.49%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$51.42

1.735 (3.49%)

LGF.A

Lionsgate

$12.22

-0.85 (-6.50%)

DIS

Disney

$141.64

-0.09 (-0.06%)

VIAB

Viacom

$29.38

-0.28 (-0.94%)

VIA

Viacom

$34.61

0.14 (0.41%)

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GS

Goldman Sachs

$191.71

0.24 (0.13%)

17:43
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DB

Deutsche Bank

$6.79

-0.07 (-1.02%)

17:38
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UAL

United Continental

$87.10

(0.00%)

16:35
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Tires blow on United jet during Newark airport landing, Reuters reports »

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TGT

Target

$87.83

-0.48 (-0.54%)

16:33
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06/16
16:33
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16:33
Periodicals
Target registers back online after outage blamed on tech issue, Reuters says »

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INTC

Intel

$46.18

-0.54 (-1.16%)

16:30
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Intel announces program for Israeli startups targeting tech inflections »

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BA

Boeing

$347.19

-1.54 (-0.44%)

16:27
06/16/19
06/16
16:27
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16:27
Periodicals
Boeing says will take time to rebuild customer confidence, Reuters reports »

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GS

Goldman Sachs

$191.71

0.24 (0.13%)

16:19
06/16/19
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16:19
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16:19
Periodicals
Goldman Sachs skeptical of 'insurance' rate cuts from Fed, Reuters says »

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BA

Boeing

$347.19

-1.54 (-0.44%)

16:16
06/16/19
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16:16
Periodicals
Trials nearing for Boeing 737 Max fix, WSJ reports »

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ESLT

Elbit Systems

$154.55

0.55 (0.36%)

13:41
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06/16
13:41
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13:41
Hot Stocks
Elbit Systems awarded $50M contract »

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AMGN

Amgen

$176.09

-0.74 (-0.42%)

13:40
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13:40
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Amgen announces BLINCYTO five-year overall survival data »

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  • 16

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SILK

Silk Road Medical

$44.80

-0.95 (-2.08%)

13:35
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Silk Road Medical announces final results for ROADSTER-2 study »

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EDIT

Editas Medicine

$21.72

-0.78 (-3.47%)

13:30
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Editas presents pre-clinical data in Sickle Cell Disease, Beta-Thalassemia »

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SNSS

Sunesis

$0.90

-0.055 (-5.79%)

13:28
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Sunesis announces preliminary data from Phase 1b/2 trial of Vecabrutinib »

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APLS

Apellis

$21.22

-0.14 (-0.66%)

13:23
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Apellis presents data from ongoing Phase 2 PLAUDIT study of APL-2 »

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FTSV

Forty Seven

$10.55

-0.02 (-0.19%)

13:16
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AZN

AstraZeneca

$39.68

-0.23 (-0.58%)

13:06
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AstraZeneca announces results from interim analysis of Phase 2 ASCEND trial »

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  • 20

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STRO

Sutro Biopharma

$11.17

-0.34 (-2.95%)

13:02
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BPMC

Blueprint Medicines

$90.65

-0.35 (-0.38%)

12:59
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Blueprint Medicines presents updated EXPLORER trial data for Avapritinib »

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  • 18

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INCY

Incyte

$77.76

1.385 (1.81%)

12:52
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  • 17

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ABBV

AbbVie

$78.69

-0.27 (-0.34%)

, INCY

Incyte

$77.76

1.385 (1.81%)

04:55
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04:55
Conference/Events
European Hematology Association to hold a conference »

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ABBV

AbbVie

$78.69

-0.27 (-0.34%)

INCY

Incyte

$77.76

1.385 (1.81%)

ARQL

ArQule

$8.17

1.88 (29.89%)

AMGN

Amgen

$176.09

-0.74 (-0.42%)

ALXN

Alexion

$117.94

0.65 (0.55%)

AGIO

Agios Pharmaceuticals

$47.97

-1.78 (-3.58%)

AZN

AstraZeneca

$39.68

-0.23 (-0.58%)

BLUE

Bluebird Bio

$117.57

-6.33 (-5.11%)

BMY

Bristol-Myers

$47.57

0.25 (0.53%)

CELG

Celgene

$96.49

0.07 (0.07%)

NVS

Novartis

$89.52

-0.07 (-0.08%)

NSTG

NanoString

$25.96

0.45 (1.76%)

KPTI

Karyopharm

$5.71

-0.04 (-0.70%)

JAZZ

Jazz Pharmaceuticals

$130.43

0.28 (0.22%)

GSK

GlaxoSmithKline

$40.12

0.015 (0.04%)

GILD

Gilead

$66.38

-0.62 (-0.93%)

DSNKY

Daiichi Sankyo

$0.00

(0.00%)

PFE

Pfizer

$42.75

0.24 (0.56%)

PTLA

Portola Pharmaceuticals

$25.78

-0.31 (-1.19%)

QGEN

Qiagen

$39.52

-0.07 (-0.18%)

RHHBY

Roche

$0.00

(0.00%)

RIGL

Rigel Pharmaceuticals

$2.06

-0.06 (-2.83%)

SNY

Sanofi

$42.46

-0.225 (-0.53%)

SGEN

Seattle Genetics

$68.67

-0.33 (-0.48%)

STML

Stemline

$14.20

0.12 (0.85%)

VSTM

Verastem

$1.39

0.125 (9.88%)

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AMZN

Amazon.com

$1,870.07

-0.23 (-0.01%)

, GRUB

GrubHub

$70.15

-2.76 (-3.79%)

13:28
06/15/19
06/15
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13:28
Periodicals
Amazon exit gives GrubHub stock boost, Barron's says »

Amazon (AMZN) is…

AMZN

Amazon.com

$1,870.07

-0.23 (-0.01%)

GRUB

GrubHub

$70.15

-2.76 (-3.79%)

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ABC

AmerisourceBergen

$85.01

-1.46 (-1.69%)

, CAH

Cardinal Health

$44.16

-1.13 (-2.50%)

13:20
06/15/19
06/15
13:20
06/15/19
13:20
Periodicals
McKesson, Cardinal Health looking like bargains, Barron's says »

Investors have halved the…

ABC

AmerisourceBergen

$85.01

-1.46 (-1.69%)

CAH

Cardinal Health

$44.16

-1.13 (-2.50%)

MCK

McKesson

$133.19

-1.7 (-1.26%)

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  • 23

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RTN

Raytheon

$177.38

0.195 (0.11%)

, UTX

United Technologies

$125.30

0.45 (0.36%)

13:09
06/15/19
06/15
13:09
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13:09
Periodicals
United Technologies, Raytheon stocks looking cheap, Barron's says »

Shares of United…

RTN

Raytheon

$177.38

0.195 (0.11%)

UTX

United Technologies

$125.30

0.45 (0.36%)

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