Philip Morris, Altria and British American Tobacco have been highlighted in this Industry Outlook article.
The Zacks Tobacco industry companies have been grappling with soft cigarette volume and elevated cost hurdles. However, pricing power and strength in smoke-free products work well for Philip Morris (PM), Altria Group (MO) and British American Tobacco (BTI).
At just 6 times free cash flow, the stock may be bottoming