Market Overview

Jefferies & Company Reiterates Hold Rating, $91 PT for Philip Morris International

Share:
Related PM
Mid-Afternoon Market Update: MarineMax Drops Following Q3 Results; Sarepta Shares Spike Higher
Mid-Day Market Update: Avista Gains Following Announcement Of Takeover By Hydro One; A. Schulman Shares Drop
T. Rowe Price Buying Philip Morris, Gilead, Wells Fargo (GuruFocus)

In a report published earlier today, Jefferies & Company, Inc. reiterated its Hold rating and $91.00 price target for Philip Morris International (NYSE: PM).

Jefferies went on to say “PM's analyst day presented a company that is aware of its short term challenges but very confident in its excellent long term outlook. 2Q12 will include the well publicized headwind from the Japan profit windfall and weak volume in Europe due to the economy. In the longer run however, the company should benefit from its brand investments and innovation, both for conventional cigarettes and next generation products.”

Philip Morris International closed on Friday at $86.01.

Latest Ratings for PM

DateFirmActionFromTo
Jul 2017Bank of AmericaMaintainsNeutral
May 2017PiperJaffrayInitiates Coverage OnOverweight
Jan 2017Bank of AmericaDowngradesBuyNeutral

View More Analyst Ratings for PM
View the Latest Analyst Ratings

Posted-In: Jefferies & Company Inc.Analyst Color Reiteration Analyst Ratings

 

Related Articles (PM)

View Comments and Join the Discussion!