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Morgan Stanley is out with its report today on Philip Morris International
PM, maintaining Overweight.
In a note to clients, Morgan Stanley writes, "Despite
industry volume headwinds and moderate regulatory
concerns, we remain confident in PM's underlying outlook
given its: (i) Superior pricing power; (ii) Consistent volume and share outperformance; (iii) Geographic diversification; and (iv) Capacity for continued sector-leading cash returns."
Morgan Stanley maintains a $71 PT on PM.
Shares of PM closed Monday at $68.68, down 1.05% from Friday's close.
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Posted In: Analyst ColorAnalyst RatingsConsumer StaplesMorgan StanleyPhilip Morris InternationalTobacco
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