Philip Morris (PM) Tops Q1 EPS by 15c; Boosts FY15 EPS Outlook

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Go back to Philip Morris (PM) Tops Q1 EPS by 15c; Boosts FY15 EPS Outlook

UPDATE: Cowen Upgrades Philip Morris (PM) to Outperform as Performance Gets Back on Track

April 16, 2015 1:25 PM EDT

(Updated - April 16, 2015 1:34 PM EDT)

Cowen upgraded Philip Morris (NYSE: PM) from Market Perform to Outperform with a price target of $97.00 (from $78.00). The change follows Q1 results and guidance. Analyst Vivien Azer pointed to signs of an inflection, as the company gets back on track to delivering against their long-term targets.

"Notably, while results have been... More