Goldman Lifts Numbers on Philip Morris Intl (PM), Calls "A Must Own Tobacco Stock"

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November 17, 2011 9:10 AM EST
Get Alerts PM Hot Sheet
Price: $190.39 +0.78%

Rating Summary:
    17 Buy, 11 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs raised estimates and its price target on Buy-rated Philip Morris Intl. (NYSE: PM) from $77 to $81, calling it a "must own tobacco stock."

The firm raised estimates by $0.04 to $4.87 for 2011 and by 3%-5% to $5.26 for 2012 and $5.91 for 2013.

"We now have increased confidence that PM should see EPS at a double-digit rate ex-currency in 2012 despite a tough Japan comparison," the firm said.

For an analyst ratings summary and ratings history on Philip Morris click here. For more ratings news on Philip Morris click here.

Shares of Philip Morris closed at $71.62 yesterday.

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