UPDATE: Morgan Stanley Raises PT on Lorillard Following CAGNY Conference
February 19, 2014 at 08:58 AM EST
In a report published Wednesday, Morgan Stanley analyst Pamela Kaufman increased the price target and remained Neutral on Lorillard (NYSE: LO ) from $34 to $45. Kaufman believed this to be a result of Lorillard's strong fundamentals in spite of a competitive industry and lower than expected sales. In the