tobacco

The bullish case for Cronos Group Inc (NASDAQ: CRON)(TSX:CRON) has come to an end after the company requested an extension to its earnings release, according to Stifel. The Cronos Analyst W. Andrew Carter downgraded Cronos Group from Buy to Hold with a price target lowered from CA$12 to CA$8. The...

The newest report from the Centers for Disease Control and Prevention states there have been 2,602 people hospitalized due to vaping-related lung injury cases nationwide. As of Jan. 7, 57 deaths have been confirmed in 27 states and the District of Columbia. The majority (67%) of patients were male...

The age for buying tobacco and e-cigarettes will rise from 18 to 21 in the United States under a budget measure passed by Congress Thursday. Trump Plans To Sign Bill  The measure, the most dramatic change in the tobacco product law in more than a decade, is part of a $1.4-trillion...

San Fransisco-based Juul Labs Inc. is facing separate lawsuits filed by five California school districts on Tuesday, Axios reported. What Happened The lawsuits filed in San Fransisco's federal district seek damages, alleging that Juul specifically targeted teenagers in the advertisements for...

Citi upgraded Altria Group Inc. (NYSE: MO) as part of a more bullish general outlook on tobacco companies, but dropped its rating on Philip Morris International Inc. (NYSE: PM). The stocks moved in accordance, with Altria shares up and Philip Morris stock dropping. The Analyst Citi’s Adam...

Witi, a producer of medical-grade vaporization devices, announced Thursday it has partnered with Perrigo (NYSE: PRGO) to create a new smoking cessation product. The two companies plan to work on an electronic nicotine delivery system that would later be submitted for approval by the FDA...

Tobacco company Altria Group Inc (NYSE: MO)'s third-quarter print was viewed favorably by at least two Street analysts. The Analysts Bank of America Merrill Lynch analyst Lisa Lewandowski maintained a Buy rating on Altria with a $54 price target. Deutsche Bank analyst Steve Powers...

Cigarette and tobacco company Altria Group Inc (NYSE: MO) said in conjunction with its third-quarter report that it took a $4.5-billion pretax charge against its earnings from its investment in e-cigarette maker Juul. What Happened Altria said in its earnings release that a decision to...

Altria Group Inc (NYSE: MO) reported third-quarter earnings of $1.19 per share on Thursday, beating the analyst consensus estimate of $1.15.   The tobacco company reported quarterly sales of $5.412 billion, topping the analyst consensus estimate of $5.34 billion.  Altria...

Just minutes after vaping company Juul announced Wednesday that its CEO Kevin Burns will step down, former FDA Commissioner Dr. Scott Gottlieb told CNBC the company was responsible for "creating this teen epidemic" of widespread vape usage. What Happened Juul will replace Burns with...

Tobacco stocks were resilient on Wednesday after a series of negative headlines about the potential dangers of vaping and indications from President Donald Trump that a regulatory crackdown may be on the horizon. Vaping Crackdown On Wednesday morning, U.S. health secretary Alex Azar told reporters...

Altria Group (NASDAQ: MO) shares were trading over 4% lower Thursday afternoon. FTC investigators are looking at whether Juul is engaged in deceptive marketing, including targeting minors or using influencers, according to a Reuters report. Before news of the FTC investigation came out Thursday,...

Cigarette maker Philip Morris International Inc. (NYSE: PM) said Tuesday it's in discussions about the possibility of reuniting with industry leader Altria Group, Inc. (NYSE: MO) in a possible blocbuster all-stock merger that would create a massive $200-billion-plus company...

The cigarette business isn’t exactly smoking these days. And as investors have moved away from Big Tobacco, lowering share prices, one of the biggest cigarette companies has also broadened its product line beyond traditional cigarettes. And that makes the cheaper shares of Altria Group Inc. (...

Tobacco shares are trading lower after CNBC reported emerged the FDA is investigating 127 reports of seizures after vaping. The FDA has received around 92 new reports of people, especially kids and young adults, experiencing seizures after using e-cigarettes since it first announced its...