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XLP

Consumer Staples Sector SPDR

$51.51

-1.36 (-2.57%)

, PM

Philip Morris

$86.80

-14.71 (-14.49%)

10:41
04/19/18
04/19
10:41
04/19/18
10:41

Technical Take: Philip Morris slides further, levels to watch

The stock of Philip Morris (PM) was last down over 15.5% to $85.70, hitting fresh low territory on the day. At current price next support is at $83.40. Resistance is at $87.57.

XLP

Consumer Staples Sector SPDR

$51.51

-1.36 (-2.57%)

PM

Philip Morris

$86.80

-14.71 (-14.49%)

  • 19

    Apr

  • 28

    May

XLP Consumer Staples Sector SPDR
$51.51

-1.36 (-2.57%)

PM Philip Morris
$86.80

-14.71 (-14.49%)

03/21/18
PIPR
03/21/18
NO CHANGE
PIPR
Piper Jaffray sees no change to Tobacco operations for at least 8-12 years
The FDA yesterday issued an advance notice of proposed rulemaking to explore the costs and benefits of flavors in tobacco products, and requested public input on the topic, Piper Jaffray analyst Michael Lavery tells investors in a research note. The analyst, however, does not expect any impact to the industry's operating framework for 8-12 years or more. He believes that in addition to the "already lengthy process," a large, viable market for alternatives, such as electronic nicotine delivery systems, is a prerequisite for any changes to combustible product standards, to mitigate unintended consequences such as illicit trade. Philip Morris (PM) and Altria Group (MO) are best positioned to benefit from strength in electronic nicotine delivery systems, Lavery contends.
03/23/18
PIPR
03/23/18
NO CHANGE
PIPR
Recent selloff in Tobacco space is unjustified, says Piper Jaffray
The recent selloff in the Tobacco space is unjustified and current valuations offer an "attractive buying opportunity," Piper Jaffray analyst Michael Lavery tells investors in a research note. The analyst views Philip Morris (PM) and Altria Group (MO) as "long-term winners." Tobacco companies continue to enjoy strong pricing power, barriers to entry, and a favorable position with the retail trade, the analyst contends. His analysis suggests lower risk products are beneficial to category trends, and expects lower excise taxes versus cigarettes to remain in place.
04/10/18
DBAB
04/10/18
INITIATION
Target $120
DBAB
Buy
Philip Morris initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Gerry Gallagher started Philip Morris with a Buy rating and $120 price target. The analyst models for multi-year low double-digit/high-single digit earnings growth and believes the company's fiscal 2025 "aspirations are achievable."
04/10/18
04/10/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with a Sell at Vertical Group. 2. Philip Morris (PM) initiated with a Buy at Deutsche Bank. 3. Etsy (ETSY) initiated with a Buy at Loop Capital. 4. Zscaler (ZS) initiated with an Outperform at Credit Suisse and Baird, a Strong Buy at Needham, an Equal Weight at Morgan Stanley, Stephens, and Barclays, a Hold at Deutsche Bank, as well as a Neutral at BofA/Merrill and Goldman Sachs. 5. Equifax (EFX) initiated with an Underperform at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

INGIY

Ingenico

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MSFT

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BWA

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JLL

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RACE

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  • 18

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SMRT

Stein Mart

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MSFT

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TSM

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-0.2 (-0.46%)

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  • 21

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

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SQ

Square

$87.97

1.1 (1.27%)

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Square seeks to bring 'omnichannel' experience to restaurants, CNBC says »

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  • 18

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MSFT

Microsoft

$113.24

1.05 (0.94%)

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  • 21

    Oct

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KL

Kirkland Lake Gold

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  • 23

    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

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Breaking Hot Stocks news story on Microsoft »

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  • 21

    Oct

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OMAB

OMA Airports

$56.18

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CE

Celanese

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WYNN

Wynn Resorts

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GLD

SPDR Gold Trust

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JAZZ

Jazz Pharmaceuticals

$161.89

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RIG

Transocean

$11.93

0.335 (2.89%)

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Initiation
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NE

Noble Corp.

$6.15

0.19 (3.19%)

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Initiation
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  • 24

    Sep

CCOEY

Capcom

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BBY

Best Buy

$77.70

0.67 (0.87%)

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DO

Diamond Offshore

$17.86

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Initiation
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TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
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WHD

Cactus

$35.93

1.24 (3.57%)

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ZTCOY

ZTE Corp.

$0.00

(0.00%)

17:15
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AKCA

Akcea Therapeutics

$26.58

1.73 (6.96%)

17:15
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  • 06

    Oct

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