Philip Morris (PM) PT Lowered to $107 at BofA Securities
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Price: $184.52 -3.08%
Rating Summary:
17 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 2 | Down: 6 | New: 5
Rating Summary:
17 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 2 | Down: 6 | New: 5
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BofA Securities analyst Lisa Lewandowski lowered the price target on Philip Morris (NYSE: PM) to $107.00 (from $120.00) while maintaining a Buy rating after educing EPS estimates for Russia & Ukraine.
- reduces EPS ests for 2022/23 from $6.27/$7.01 to $5.89/$6.60, reflecting EPS reductions of ~6% for both years and incl updated FX headwinds of -58c in 2022 (-45c prior) and -5c in 2023
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