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Goldman Sachs Downgrades Philip Morris International (PM) to Neutral, Removes from CL Buy

Go back to Goldman Sachs Downgrades Philip Morris International (PM) to Neutral, Removes from CL Buy

Philip Morris (PM) Adjusts FY13 EPS Outlook on Unfavorable FX; Plans e-Cigs Entry in H2 2014

November 20, 2013 12:03 PM EST

Philip Morris International Inc. (NYSE: PM) Chief Executive Officer, André Calantzopoulos, addresses investors today at the Morgan Stanley Global Consumer Conference in New York.

The presentation and Q&A session are being webcast live at www.pmi.com/webcasts in a listen-only mode, beginning at approximately 12 Noon Eastern Time. An archived copy of the webcast, together with slides, will be available on the same site. Highlights from the presentation include:

* PMI is revising its most recent 2013 reported diluted EPS guidance to a range of $5.37 to $5.42, compared to $5.17 in 2012. The $0.02 change reflects a... More