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Fly News Breaks for March 23, 2016
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Mar 23, 2016 | 08:02 EDT
Cowen raised its price target on Phillip Morris to $109 from $98 following its recent share price appreciation. The firm is citing the launch of its iQos smokeless cigarette, which they believe will be profitable by 2018. Cowen reiterated its Outperform rating on Phillip Morris shares.
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