Philip Morris International (PM) Tops Q1 EPS by 17c, Revenues Beat; Raises FY21 EPS Outlook

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Go back to Philip Morris International (PM) Tops Q1 EPS by 17c, Revenues Beat; Raises FY21 EPS Outlook

Philip Morris (PM) PT Raised to $108 at Cowen Following Earnings

April 20, 2021 1:55 PM EDT

Cowen analyst Vivien Azer raised the price target on Philip Morris (NYSE: PM) to $108.00 (from $100.00) while maintaining an Outperform rating.

The analyst commented, "PM delivered strong 1Q EPS of $1.57, beating Vuma consensus estimates by $0.18 and driven by a 590 bps YoY improvement in LC... More

Biden Administration Considering Rule to Reduce Nicotine in Cigarettes, Ban Menthol - DJ

April 19, 2021 3:15 PM EDT

(Updated - April 19, 2021 3:22 PM EDT)

The Biden administration is considering a rule to reduce nicotine in cigarettes, according to a report from Dow Jones, citing sources. The rule would require tobacco companies to lower nicotine to minimally addictive or nonaddictive levels.

The administration is weighing the nicotine... More