Market Intelligence

Altria Posting Notable Loss After Downgrade By Citi

( - Extending a recent downward trend, shares of Altria Group, Inc. ( MO ) are seeing notable weakness in late-day trading on Friday. After hitting its lowest intraday level in over three years, Altria is currently down by 3.5 percent.

The continued drop by Altria comes after Citi downgraded its rating on the tobacco producer's stock to Sell from Neutral.

Citi analyst Adam Spielman said Altria's $12.8 billion investment in electronic cigarette company Juul is "effectively signaling" the company is "doubtful about the future of its core business."

Read the original article on RTTNews (

For comments and feedback: contact

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics

Stocks Retirement


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More