Wall Street Fundamentals Releases New In-Depth Stock Reports on LO, MO, RAI and BTI
On Tuesday, the U.S. Food and Drug Administration stated menthol cigarettes are likely to pose a greater public health risk than regular cigarettes. People who smoke menthols "show greater signs of nicotine dependence and are less likely to successfully quit smoking," the FDA said. According to a study by the federal Substance Abuse and Mental Health Services Administration, the percentage of menthol smokers in the U.S. totaled 37.5 percent in 2011, up from 33.9 percent in 2008. The FDA has yet to make a recommendation to ban or limit the sale of menthols.
Lorillard Inc. (NYSE: LO) shares traded in the range of $43.77 to $45.27 Tuesday before settling to close at $44.08, a decrease of 4.49 percent. The stock appears to be facing some resistance at the $44.30 and $44.62 levels with some support at $43.33. Citi analyst Vivien Azer estimates menthols make up about 90 percent of Lorillard’s sales volumes.
More information on Lorillard and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LO
Altria Group Inc. (NYSE: MO) shares traded in the range of $35.73 to $37.01 Tuesday before settling to close at $35.99, a decrease of 2.41 percent. The stock appears to be facing some resistance at the $36.08 and $36.24 levels with some support at $35.90. Citi analyst Vivien Azer estimates Marlboro Menthol accounts for about 20 percent of sales.
More information on Altria Group and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MO
Reynolds American, Inc. (NYSE: RAI) shares traded in the range of $50.06 to $51.56 Tuesday before settling to close at $50.79, a decrease of 1.99 percent. The stock appears to be facing some resistance at the $51.20 and $53.03 levels with some support at $50.70. Citi analyst Vivien Azer estimates menthol cigarettes accounts for about 30 percent of sales.
More information on Reynolds American and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RAI
British American Tobacco PLC (NYSEMKT: BTI) shares traded in the range of $106.05 to $107.04 Tuesday before settling to close at $106.43, a decrease of 0.59 percent. The stock appears to be facing some resistance at the $106.72 and $108.30 levels with some support at $105.01. Shares of British American Tobacco have gained approximately 5.0 percent year-to-date.
More information on British American Tobacco and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BTI
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
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