Wall Street Analysts are Betting on Tobacco Stocks

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Even with these troubles, Wall Street is placing its bets on tobacco. Why? Due to the fact that the overall decline in volumes being seeing in the vapor category could mean big profits for tobacco companies going forward, especially those that manufacture traditional cigarettes. Cigarette volumes have been in decline since the early 1980s and while they will continue to fall, vapor’s continued troubles and decline could drive more consumers towards readily available products like combustible tobacco products. Altria, though it may have experienced a lost with its investment in the vapor category, stands to benefit from vapor’s fall due to its portfolio of strong cigarette products, including Marlboro. Some analysts, according to Vice, estimate that Altria stock could increase by as much as 22 percent.

You can read the full report from Vice here.