Altia (NYSE: MO) has been a market laggard this year, with its 5% year-to-date gain trailing the S&P 500’s 7% growth. It was also left behind by its overseas counterpart Philip Morris International (NYSE: PM), which rallied 23% during that period.
That weakness might cause investors to wonder if Altria — which more than doubled in value over the past five years — has peaked. Let’s discuss the bearish and bullish cases to see if the stock is running out of steam or merely taking a breather.
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