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    Wednesday, November 18, 2009

    Tobacco Firm UST Inc. Draws Upgrade To Neutral

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    By Steve Gelsi
    MarketWatch Pulse
       

      NEW YORK -- J.P. Morgan Global Equity Research on Wednesday upgraded shares of UST Inc. to neutral and raised the stock's price target to $57 a share from $47 a share. Analysts said they were impressed with Reynolds' third quarter results. They also cited Pall Mall's volume momentum and enhanced cigarette profitability. J.P. Morgan also upped its 2010 price targets for Altria to $21 a share from $20 a share. Lorillard Inc.'s price target was raised to $80 a share from $76 a share.

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