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Fly News Breaks for August 17, 2015
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Aug 17, 2015 | 07:13 EDT
Wells Fargo expects Philip Morris to raise its dividend by at least 5% in the next few weeks and predicts that this development will be a positive catalyst for the stock. As a result, the firm recommends that investors build bigger positions in the name. It adds that the company's "underlying fundamentals are strong and improving."
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