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UPDATE 1-RESEARCH ALERT-JP Morgan ups Altria target to $105 Thu Jul 20, 2006 02:39 AM ET July 20 (Reuters) - ALTRIA GROUP INC. (MO.N: Quote, Profile, Research) Current Prior Price Target $105 $85 --J.P. Morgan Securities said it added the stock, on which it has an "overweight rating" to its U.S. analyst focus list. --J.P Morgan said Altria, after the spin-off of Kraft Foods Inc. (KFT.N: Quote, Profile, Research) , has the theoretical capacity to repurchase $31 billion of shares and raise 2008 combined earnings per share by 18 percent. The new target is driven by estimates of increased balance-sheet leverage post break-up, it added. --The brokerage said it believed the decline in U.S. litigation risk would lead Altria to spin off Kraft and Philip Morris International by end-2007. --Excluding Kraft, Altria trades at a 5 percent discount to the average tobacco stocks in the brokerage's coverage, based on 2007 estimates, J.P. Morgan said. (Reporting by Rakesh Sharma in Bangalore) von http://go.reuters.com/financeQuoteCompanyNewsArticle.jhtml?d… ______________________________________________________________ lg speculi |
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| aus der Diskussion: | Altria Group Inc. - News und Diskussionen |
| Autor (Datum des Eintrages): | speculi (20.07.06 11:42:50) |
| Beitrag: | 7 von 1,580 (ID:22804439) |
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