Altria Group News
TheStreet Ratings team reiterated 3 stocks with a buy rating on Friday
Shares of Reynolds American and Lorillard have surged this week on investor interest in a potential deal between the US cigarette makers that together hold 40 per cent of the $90bn US tobacco market. But ...
A study published on Thursday found an association between smoking and e-cigarette use among adolescents but didn't answer a pressing public-health question on whether e-cigarettes acted as a gateway to smoking. Published in JAMA Pediatrics, the study found that among those who have smoked, adolescents who also used e-cigarettes were less likely to have given up smoking than those who did not not use e-cigarettes. The authors of the study, Lauren Dutra and Stanton Glantz, a prominent opponent of e-cigarettes, concluded that the "use of e-cigarettes does not discourage, and may encourage, conventional cigarette use among U.S. adolescents." Dr. Michael Siegel, a professor of community health sciences at Boston University School of Public Health who has spoken publicly in favor of e-cigarettes, said that while the study draws a correlation between smoking and e-cigarette use, there was no evidence to prove e-cigarettes led to smoking.
Shares of both Lorillard and Reynolds American reached their 52-week highs on Mar 4 after a media report that stated that Reynolds American is considering the takeover of its rival Lorillard.
Shares of both Reynolds American and Lorillard jumped after Financial Times reported that Reynolds American is considering taking over its rival Lorillard.
European Parliament has imposed stronger rules on manufacture, sale and marketing of the tobacco product.
These 3 dividend stocks are rated a Buy by TheStreet