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Cigarette Pair Trade? BofA Upgrades Philip Morris, Downgrades Altria
Thursday, March 24, 2016 - 8:06am | 265Read More...BofA Merrill Lynch’s Lisa K. Lewandowski said that fundamentals of domestic tobacco stocks are likely to continue to be strong, while suggesting a switch from Altria Group Inc (NYSE: MO) to Philip Morris International Inc. (NYSE: PM) Altria Group Analyst Lisa Lewandowski downgraded the...
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UPDATE: Bank Of America Upgrades Reynolds American On Multiple Positive Factors
Wednesday, June 11, 2014 - 8:09am | 154Read More...In a report published Wednesday, Bank of America analyst Lisa K. Lewandowski upgraded the rating on Reynolds American (NYSE: RAI) from Neutral to Buy, and raised the price target from $63.00 to $65.00. In the report, Bank of America noted, “We have boosted our 2014/2015 EPS est by 2c/3c to $3.38/$3...
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Lorillard And Reynolds American Trend Down Amid Bank Of America's Report On Rumored Deal
Thursday, May 22, 2014 - 4:48pm | 270Read More...In a report issued Thursday, Bank of America highlighted a possible deal in which Reynolds American (NYSE: RAI) would purchase Lorillard (NYSE: LO). The rumor of the deal was first reported by Reuters just before the close on Wednesday. Shares of Lorillard popped up four percent with this news...
