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Actionable news in MO: ALTRIA GROUP Inc,

Altria (MO) Stock Initiated With 'Buy' Rating at Citi

Updated from 12:58 PM EDT.

NEW YORK (TheStreet) -- Altria (MO) stock coverage was started with a "buy" rating and $72 price target at Citigroup on Tuesday.

"Demand for cigarettes in the U.S. is stronger than it has been for decades, and we think it is likely to remain robust," the firm wrote in a note earlier today.

Citi noted that it likes Altria's fundamentals. As the dominant player, the company leads industry prices in a way to suit itself, according to the firm.

Additionally, Citi believes domestic tobacco is a more attractive asset class than...