As Price Rises, Vetr Bumps Philip Morris Down To A Buy

Loading...
Loading...

On Thursday, the Vetr crowd downgraded their rating for Philip Morris International Inc. PM from 4.5 stars (Strong Buy), issued 15 days ago, to 4 stars (Buy). Crowd sentiment for Philip Morris is unanimously positive, with 100 percent of Vetr user ratings bullish.

Share price in Philip Morris jumped up at the start of the week following the planned acquisition of Camel cigarettes producer Reynolds American, Inc. RAI by British American Tobacco BTI. Philip Morris went up about $2 over the course of the January 17 trading day to finish at $92.36. The price continued to rise and, several days later on Thursday of that week, the stock finished about $0.20 shy of $94.

See how crowdsourced ratings could help you time the markets.

Currently, the crowd's average target price for Philip Morris is up at $101.10, which is below the average analyst target price of $103.54. Less than 2 percent of Vetr users are holding PM in their watch lists

date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: DowngradesPrice TargetCrowdsourcingAnalyst RatingsVetr
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...