BUZZ-Altria rises after UBS upgrades stock to 'buy'
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Altria Group's shares rose approximately 2% to $57.06 following an upgrade from UBS, which changed its rating from "neutral" to "buy" and increased the price target to $63 from $61. UBS noted potential revenue growth and accelerated EPS growth over the next two years, suggesting that the worst of the cigarette volume decline may be over. Currently, six out of 16 brokerages rate the stock as "buy" or higher, with a median price target of $62.50.
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