Tag Archives: PM USA

New Tobacco Study Raises Cigarette Price Hike Possibility

The Wells Fargo Securities 1Q12 U.S. Tobacco Retailer Survey found that more than 70 percent of the company’s tobacco industry retailer and wholesale trade contacts expect to see a price increase in May or June. Wells Fargo Securities anticipates The Altria Group’s Philip Morris USA division to lead the 5-cent to 7-cent bump, according to Bonnie Herzog, managing director of … Continue reading Continue reading

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