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Walmart Is Removing Cigarettes in Some Stores. Philip Morris and Altria Stock Fall.

Shares of cigarette makers fell Monday as Walmart plans to end cigarette sales in some U.S. stores, The Wall Street Journal reported, citing people familiar with the matter. The news comes as Altria Group was hit with a downgrade from RBC Capital Markets. Cigarettes are being removed in various Walmart markets, including some stores in California, Florida, Arkansas and New Mexico, according to the people andstore visits, the Journal reported.

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