Philip Morris selloff after Q3 results ‘overdone,’ says Goldman Sachs

Goldman Sachs analyst Bonnie Herzog reiterates a Buy rating on Philip Morris (PM) following the better than expected Q3 results, telling investors in a research note that the selloff following the event is “overdone.” The firms continue to believe Philip Morris is a “show me story” regarding ZYN and the scanner data for ZYN will remain an important litmus test for the stock.