Philip Morris price target raised to $186 from $168 at Stifel

Stifel raised the firm’s price target on Philip Morris (PM) to $186 from $168 and keeps a Buy rating on the shares after “a robust first quarter with strong momentum across its business” and the company having reiterated its underlying 2025 guidance. The advantages of pricing power, the smoke-free business, and overall volume growth supported the strong start to the year, says the analyst, who believes these growth drivers are “durable and support an attractive runway for advantaged growth through 2025 and beyond.”