Goldman Sachs Raises Estimates On Lorillard

According to Goldman Sachs, Lorillard LO will host an investor day on Wednesday, May 4, where new CEO Murray Kessler will provide results from his strategic review process. Goldman Sachs said that it took a closer look at LO's long-term growth potential ahead of the meeting and come away with increased confidence in the company's unit growth outlook over the medium- to long-term. “We are raising our 2012/2013 EPS estimates to $8.50/$9.39 from $8.26/$8.91 to incorporate stronger expected volumes.” Lorillard closed yesterday at $106.50.