Ameriprise Financial Names Philip Morris International (PM) a Top Pick for 2009
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Ameriprise Financial names Philip Morris International (NYSE: PM) a Top Pick for 2009.
Ameriprise analyst says, "Now that PM is a separate company, we believe management can be more focused and has the ability to accelerate growth with effective marketing, product innovation and expense management that could allow it to gain market share in faster growing emerging markets outside the U.S. We believe the company has solid earnings growth potential and an attractive valuation, as well as a favorable dividend. The company has a 4.9% dividend yield, with a payout ratio
of approximately 65%."
Philip Morris International Inc. (PMI) is an international tobacco company. PMI is a holding company that, through its subsidiaries and affiliates, is engaged in the manufacture and sale of cigarettes and other tobacco products in markets outside the United States.
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