Lorillard Inc.: Top Tobacco Pick for Goldman Sachs

According to a research report this morning, Goldman Sachs favors Lorillard Inc. LO as the tobacco company continues to beat expectations. Goldman Sachs continued, “We favor LO among the tobacco names heading into earnings as our estimate for 1Q12 is 3% above consensus. We see continued market share gains for LO and margin expansion as the company is lapping heavy spending in 1Q11.” The Market closed Friday at $137.88 as Goldman Sachs maintained its Neutral rating and increased their PT to $144.