Crushed by New FDA Tobacco Plan, Altria Stock Is a Buy
There's no doubt the new nicotine proposal by the U.S. Food & Drug Administration poses a substantial threat to the tobacco industry, but just as Westerners often say that the Chinese word for "crisis" means both "danger" and "opportunity," cigarette manufacturers have the chance to turn the moment to their favor.
Shares of Altria (NYSE: MO) and British American Tobacco (NYSE: BTI) were crushed after the proposal's release late last month, which should only make their stocks that much more attractive.
Image source: Getty Images.
Source: Fool.com
Philip Morris International Stock
€110.48
-0.340%
With 13 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
However, we have a potential of -2.24% for Philip Morris International as the target price of 108 € is below the current price of 110.48 €.
