Is Altria Stock Going to $60? 1 Wall Street Analyst Thinks So.

On Halloween, Altria Group (NYSE: MO) released its latest set of quarterly figures. The results weren't scary at all -- in fact, a great many investors found them encouraging, and the cigarette maker's stock saw a decent pop in price.If one analyst's post-earnings take on the company is accurate, we're in for even more gains before too long.Altria published those quarterly numbers before the market opened on Oct. 31. The following day, Stifel's Matthew Smith added an 11% raise to his price target on the stock. He's now predicting that it will climb to $60 per share, up from his previous level of $54. He maintained his buy recommendation on the shares. The price target implies a 10% increase in the stock price over the next 12 months or so. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool