Philip Morris raises profit forecast as nicotine pouch demand grows

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Go back to Philip Morris raises profit forecast as nicotine pouch demand grows

Philip Morris (PM) PT Raised to $118 at Deutsche Bank

July 24, 2024 1:16 PM EDT

Deutsche Bank analyst Damian McNeela raised the price target on Philip Morris (NYSE: PM) to $118.00 (from $116.00) while maintaining a Buy rating.

The analyst comments "PMI delivered a 2.8% increase in Q2 24 shipment volumes, contributing to a reported 5.6% (+9.6% organic) increase in group net... More

Philip Morris (PM) PT Raised to $118 at BofA Securities

July 24, 2024 9:22 AM EDT

BofA Securities analyst Lisa Lewandowski raised the price target on Philip Morris (NYSE: PM) to $118.00 (from $110.00) while maintaining a Buy rating.

The analyst comments "Organic shipment volume (cigarettes, heated tobacco, oral tobacco) grew a collective 2.8%; and ex. FX net sales, operating income and adj diluted... More

Goldman Sachs Reiterates Buy Rating on Philip Morris (PM)

July 23, 2024 10:34 AM EDT

Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating and $120.00 price target on Philip Morris (NYSE: PM).

The analyst comments "Our View - PM reported better than expected Q2 results including adj EPS of $1.59 (+10.6% y/y) that was ahead of our consensus estimates and above the... More