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Cowen reiterated an Outperform rating on Philip Morris (NYSE: PM), and raised the price target to $97.00 (from $95.00), following the company's 3Q15 earnings results. The recovery seen in the EU was a surprise for management as they took up their volume guidance from down... More
Philip Morris (NYSE: PM) reported Q3 EPS of $1.24, $0.13 better than the analyst estimate of $1.11. Revenue for the quarter came in at $6.9 billion versus the consensus estimate of $6.76 billion.
Cigarette shipment volume of 218.9 billion units, down by 1.5% excluding acquisitions
Philip Morris sees FY2015 EPS of... More

