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PM

Philip Morris

$90.60

0.36 (0.40%)

06:28
11/30/16
11/30
06:28
11/30/16
06:28

Philip Morris may work to 'phase-out' conventional cigarettes, BBC News reports

Phillip Morris has spent $3B developing a new, less harmful cigarette in the UK, which the company says may lead to stopping sales of its conventional tobacco products, BBC News reports. CEO Andre Calantzopoulos said in a UK broadcast interview that he aspires to work with governments towards the "phase-out" of conventional cigarettes. Reference Link

PM Philip Morris
$90.60

0.36 (0.40%)

11/14/16
LYON
11/14/16
UPGRADE
LYON
Buy
Philip Morris upgraded to Buy from Outperform at CLSA
11/14/16
11/14/16
UPGRADE
Target $105

Buy
Philip Morris upgraded to Buy from Outperform at CLSA
As previously reported, CLSA upgraded Philip Morris to Buy from Outperform and lowered its price target to $105 from $112. Analyst Michael Levy cites the recent pullback for his rating change and said he sees the company adding to its buyback.
11/14/16
11/14/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Lockheed Martin (LMT) upgraded to Buy from Hold at Stifel with analyst Joseph DeNardi saying he is pleased with the company's comments regarding its 2018 free cash flow outlook, and he thinks that it could benefit from increased defense spending in the wake of the election results. 2. Philip Morris (PM) upgraded to Buy from Outperform at CLSA with analyst Michael Levy citing the recent pullback for his rating change and said he sees the company adding to its buyback. 3. Citi (C) upgraded to Overweight from Equal Weight at Morgan Stanley with analysts led by Betsy Graseck saying the Republican sweep is positive for all financial stocks due to increased growth, higher rates, lower taxes, and less regulation. 4. U.S. Steel (X) and AK Steel (AKS) upgraded to Overweight from Equal Weight at Morgan Stanley. 5. L Brands (LB), Kohl's (KSS), and Chico's(CHS) were upgraded to Buy from Neutral at Citi, while Chico's was also upgraded to Outperform from Peer Perform at Wolfe Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/16/16
STFL
11/16/16
NO CHANGE
Target $110
STFL
Buy
Philip Morris pullback creates 'exceptional' opportunity, says Stifel
Stifel analyst Christopher Growe says the recent pullback in shares of Philip Morris has created an "an exceptional opportunity for investors." The stock weakness "fully misses" the company's strong underlying growth, Growe tells investors in a research note. He believes Philip's free cash flow is fully supportive of the nearly 5% dividend yield. Growe reiterates a Buy rating on Philip Morris with a $110 price target.

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