U.S. Proposes Cigarette Nicotine Cut, Shift Toward E-Cigarettes

“We see this as an opportune entry point for long-term investors and would recommend building positions on today’s broad weakness,” Bonnie Herzog, an analyst at Wells Fargo Securities said in a research report, noting that the FDA is currently reviewing IQOS, a product from Altria Group Inc and Philip Morris International that heats tobacco instead of burning it.