Wall Street Thinks This Stock Is Going Up in Smoke, But Here's Why I'm Not Selling
Altria (NYSE: MO) is tumbling after an analyst downgraded the U.S. tobacco giant, saying that inflation and competition will take a toll on the company.
Shares that had been running more than 20% higher in 2022 have since fallen sharply and are now less than 3% above where they started the year. Although Altria is still doing better than the S&P 500, which is down over 13% year-to-date, the market is worried that the owner of the Marlboro brand of cigarettes will not be able to overcome the headwinds it's facing.
However, as an owner of Altria stock, I'm not worried, and I'm not selling. Here's why.
Source Fool.com