Morgan Stanley Maintains Equal-Weight on Altria Group

Morgan Stanley is out with its report today on Altria Group MO, maintaining Equal-weight. In a note to clients, Morgan Stanley writes, "Long-term, we believe Altria has the potential to drive incremental shareholder value by more aggressively reducing its cigarette operating costs, repurchasing stock, and continuing to support net pricing above the historical industry trend." Morgan Stanley maintains a $25 PT on MO. At the time of posting, shares of MO were trading pre-market at $27.00, up 0.26% from Monday's close.