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Fly News Breaks for July 19, 2019
PM
Jul 19, 2019 | 06:14 EDT
Barclays analyst Gaurav Jain upgraded Philip Morris to Overweight from Equal Weight and raised his price target for the shares to $100 from $82. The company's new fiscal 2019 revenue growth guidance ex-currency of 6% is towards the higher end in staples, Jain tells investors in a research note. He believes "it's time to look at PM again" now that IQOS is "back on track."
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