Philip Morris PT receives Investment Bank Analyst Rating Update
By Sam Boughedda Philip Morris International (NYSE:PM) was lifted to Buy from Neutral with a $120 price target at Goldman Sachs on Wednesday, with analysts stating the firm sees a...
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Let’s see if big tobacco giants Altria Group (MO) , British American Tobacco (BTI) , and Philip Morris International (PM) can be beneficial investments going into 2023.
If Altria’s stock trades in the range of $32.00 to $56.00, its recent $46.35 share price might reach $50.00 by next year.
Philip Morris International Inc. (PMI) is an international tobacco company. The Company focuses on delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. Its product portfolio consists of cigarettes and smoke-free products, including heat-not-burn, vapor and oral nicotine products, which are sold in markets outside the United States. It is engaged in developing smoke-free products for adults along with building scientific assessment capabilities in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. Versions of PMI's IQOS Platform 1 devices and consumables have been authorized by the U.S. Food and Drug Administration as Modified Risk Tobacco Products (MRTPs). Its portfolio consists of both international and local brands and is led by Marlboro. The Company's other cigarette brands include Bond Street, Chesterfield, L&M, Lark and Philip Morris.
|Average||108.13 (+3.86% Upside)|
|No. of Analysts||16|