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Stock impact report

Philip Morris Stock Has 24% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]

Philip Morris International Inc (PM) 
Last philip morris international inc earnings: 4/21 06:59 am Check Earnings Report
US:NYSE Investor Relations: pmi.com/investor-relations/overview
Company Research Source: Yahoo! Finance
Many investors like them because of their high margins, robust cash flow, and the high dividends they typically pay. That outsized interest helps explain why more than a few analysts are bullish on the sector. Tobacco industry mainstay Philip Morris International (NYSE: PM) was the subject of a recent research note. The report concluded that the stock was indisputably a buy at its current price. Remaining in the bullpen The analyst behind the note was Bonnie Herzog of Goldman Sachs . She published an update on Philip Morris following its most recent quarterly earnings release. In her note, Herzog kept her buy recommendation and $118 per-share price target intact. That suggests a 24% upside over the next 12 months from the current price. The tobacco company did well in its first quarter of 2024 . It posted notable growth in revenue and profitability, beating the consensus analyst estimates for both metrics. This was due in no small part to solid gains with IQOS, a product in wh Show less Read more
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