Jefferies analyst Edward Mundy assumed coverage of Philip Morris (PM) with a Buy rating and $220 price target The firm assumed coverage of global tobacco with a positive view. Within staples, Jefferies’ favored sectors are tobacco, beer and consumer health. It estimates global nicotine will post low-single-digit growth from combustibles and next generation products. The analyst’s top pick is British American.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PM:
- Philip Morris Highlights Smoke-Free Strategy in Europe
- British American Tobacco (BTI) Leverages 6.1% Yield to Extend Rally
- Philip Morris (PM) Defies the Naysayers as Smoking Stays Hot in 2025
- Philip Morris’s Strategic Positioning and Regulatory Advancements Drive Buy Rating
- Philip Morris Declares Quarterly Dividend Amid Smoke-Free Transition