Fly News Breaks for March 4, 2020
Mar 4, 2020 | 08:52 EDT
BofA analyst Lisa Lewandowski lowered the firm's price target on Altria Group (MO) to $55 from $58 and keeps a Buy rating on the shares after the firm downgraded Anheuser-Busch InBev (BUD) to Neutral, noting that Altria owns 10.1% of Anheuser-Busch. Lewandowski tells investors in a research note that tough comps and coronavirus are expected to weight on Anheuser-Busch. On Altria, Lewandowski says she sees the company as best positioned to manage changes in the U.S. tobacco category given its "total tobacco" strategy, which gives Altria flexibility as the market evolves.
News For MO;BUD From the Last 2 Days