Altria: Menthol Win And Growing NJOY Market Share Deserve To Be Celebrated

GorlovWe previously covered Altria (NYSE:NYSE:MO) in May 2024, discussing its mixed performance in the Smokeable/ Smoke-free segments and recommending readers to remain patient given its nascent transition to smoke-free approaches. With NJOY already reporting growing retail share and H2'24 likely to bring forth improved numbers as guided by the management, we had reiterated our Buy rating attributed to its still rich dividend investment thesis and robust support levels of between $$40s and $$44s - with it ...