Philip Morris (PM) Tops Q2 EPS by 18c, Reports FY Guidance
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July 23, 2018 7:07 AM EDT
Berenberg lowered its price target on Philip Morris (NYSE: PM) to $85.00 (from $100.00) while maintaining a Hold rating following the company's 2Q earnings report. Adjusted EPS rose by 24% to $1.41 (consensus: $1.23). The main drivers to the earnings growth were volumes (+1%), price/mix (+7%), operational leverage (+1%), currency (+3%),... More
July 20, 2018 9:22 AM EDT
JPMorgan downgraded Philip Morris (NYSE: PM) from Overweight to Neutral with a price target of $80.00 (from $93.00).
Analyst Celine Pannuti has concerns over the company's lack of meaningful initiatives in e-vapour and limited evidence of top-line recovery over the coming 2 quarters.
For an... More
July 20, 2018 7:38 AM EDT
Stifel lowered its price target on Philip Morris (NYSE: PM) to $93.00 (from $100.00) while maintaining a Buy rating.
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July 20, 2018 5:34 AM EDT
Citi lowered its price target on Philip Morris (NYSE: PM) to $90.00 (from $100.00) while maintaining a Buy rating.
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July 19, 2018 8:44 AM EDT
Deutsche Bank analyst Gerry Gallagher offered his first take on Philip Morris International's (NYSE: PM) Q2 results, saying "this isn't good."
"MI very clearly reset IQOS shipment volume expectations at Q1 (19 April) to 55-60bn following prior market estimates we... More
