Tag Archives: menthol cigarettes
Lorillard Slides on Valuation, Menthol Report
Both Morgan Stanley and Davenport lowered their ratings on the tobacco company’s shares, the former dropping it to equal weight from overweight and the latter from buy to neutral. Morgan Stanley’s action was largely based on valuation concerns as the stock has climbed nearly 40% over the last few months. However, it did keep its $105 price target. But Davenport … Continue reading
15 Cigarette Smoking Facts
1. Cigarettes are the single-most traded item on the planet, with approximately 1 trillion being sold from country to country each year. At a global take of more than $400 billion, it’s one of the world’s largest industries. 2. In 1970, President Nixon signed the law that placed warning labels on cigarettes and banned television advertisements for cigarettes. The last … Continue reading
