Goldman Sachs Downgrades Philip Morris (PM) to Neutral, Sees Downside Risk to Estimates
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Price: $191.52 +0.84%
Rating Summary:
17 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
17 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Goldman Sachs downgraded Philip Morris (NYSE: PM) from Buy to Neutral with a price target of $80.
The firm said while PM is in position to deliver solid results. However, valuation largely reflects this and there is downside risks to consensus estimates due to FX.
They see greater upside in Monster Beverage (Nasdaq: MNST), which was upgraded.
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 $77.32 yesterday.
The firm said while PM is in position to deliver solid results. However, valuation largely reflects this and there is downside risks to consensus estimates due to FX.
They see greater upside in Monster Beverage (Nasdaq: MNST), which was upgraded.
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 $77.32 yesterday.
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