Deutsche Bank and Morgan Stanley Maintain a Hold Rating on Altria Group, Inc. (MO)

Altria Group, Inc. (NYSE:MO) is one of the Best Undervalued Stocks to Buy Under $100. On May 4, Damian McNeela from Deutsche Bank reiterated a Hold rating on Altria Group, Inc. (NYSE:MO) and raised the price target on the stock from $60 to $66. Earlier, on May 1, Morgan Stanley raised its price target on the stock from $62 to $71, while maintaining an Equal Weight rating.

​The ratings follow the company’s fiscal Q1 2026 earnings reported on April 30. During the quarter, the company posted $4.76 billion in revenue, up 5.29% year-over-year and ahead of expectations by $180.45 million. Moreover, the GAAP EPS of $1.30 also topped expectations by $0.06. Management noted that the company’s smokeable products segment generated strong income growth, and the Marlboro brand maintains its position in the premium segment. The company also maintained its full-year guidance of diluted EPS in the range of $5.56 to $5.72, representing a growth rate of 2.5% to 5.5% from a base of $5.42 in 2025.

​Following the release, Morgan Stanley raised its fiscal 2026-27 earnings per share estimates by approximately 2.5%, and Deutsche Bank cited improved smokeable products performance as a reason behind the improved price target.

​Altria Group, Inc. (NYSE:MO) is a prominent American company that produces and markets tobacco, cigarettes, and related products globally. The firm has also ventured into next-generation nicotine products, such as oral nicotine pouches and electronic vaping devices.

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