LONDON (Reuters) - Japan Tobacco International expects a shift towards cheaper cigarette brands in the United States to reach more than 40% of the market by 2027, its finance chief told Reuters. U.S.
Currently, Altria Group trades for around 10.4 times forward earnings. This forward P/E is well below that of Philip Morris International (NYSE: PM), at 18.5 times forward earnings, so it may make ...
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