Categories
· Business (Tobacco)
Organizations
· Lorillard
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(Adds details, CHICAGO to dateline)
Jump to full article: Reuters, 2008-06-11
Intro: Cigarette maker Lorillard Inc, is poised to increase shareholder value, two analysts wrote in research notes released on Wednesday.
Morgan Stanley initiated coverage of the company, whose brands include Newport, Kent and Maverick, with an "overweight" rating and set a 12-month price target of $85. Goldman Sachs added the company to its conviction buy list and increased its price target of the company to $89 from $86.
Lorillard began trading Tuesday on the New York Stock Exchange and was up 39 cents at $77.02
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