Stifel raised the firm’s price target on Philip Morris (PM) to $200 from $180 and keeps a Buy rating on the shares. Philip Morris International reported a stronger than expected fourth quarter, notes the analyst, who sees volume growth, SFP mix, and pricing to “lead the way.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PM:
- Philip Morris price target raised to $200 from $185 at BofA
- Regulatory Uncertainty Clouds PMI’s U.S. Growth Prospects for IQOS and ZYN
- Philip Morris International Earnings Call Signals Smoke-Free Surge
- Philip Morris files automatic mixed securities shelf
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!