Earnings PerformanceAnalyst recommends a Buy rating on PM following a better than expected Q3, with a top-line beat and strong margins.
Market PositionPM is transforming into a faster growing and more profitable business, an earnings compounder with an attractive valuation compared to its growth staples peers.
Product ExpansionThe strategic focus on expanding PM’s smoke-free portfolio with products like IQOS, ZYN, and VEEV is expected to grow the consumer base and drive top and bottom-line growth.