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PM

Philip Morris

$80.34

-1.27 (-1.56%)

04:55
05/28/18
05/28
04:55
05/28/18
04:55

Philip Morris management to meet with Piper Jaffray

Meeting to be held in Boston on May 28 hosted Piper Jaffray.

  • 28

    May

PM Philip Morris
$80.34

-1.27 (-1.56%)

05/18/18
STFL
05/18/18
NO CHANGE
Target $100
STFL
Buy
Stifel highlights four potential catalysts that could boost Philip Morris shares
Stifel analyst Christopher Growe noted Philip Morris shares are trading at a valuation "well below" recent history for the stock and below Consumer Staples peers and the S&P 500. He reiterates his Buy rating on Philip Morris, highlighting four potential catalysts that the could move the stock higher, namely iQOS share growth in Japan; iQOS share growth in the EU; PMTA approval in the U.S.; and share repurchase activity. Growe keeps a $100 price target on Philip Morris shares.
04/20/18
04/20/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Procter & Gamble (PG) downgraded to Neutral from Buy at BofA/Merrill and to Hold from Buy at Deutsche Bank aw well as Argus. 2. Philip Morris (PM) downgraded to Buy from Conviction Buy at Goldman Sachs and to Underperform from Neutral at BofA/Merrill. 3. DHT Holdings (DHT) downgraded to Neutral from Overweight at JPMorgan with analyst Noah Parquette saying he has become more constructive on a crude tanker recovery in 2019 but cites relative valuation for the downgrade on DHT. 4. Skechers (SKX) downgraded to Neutral from Outperform at Wedbush with analyst Christopher Svezia citing the company's first quarter results. 5. Tyson Foods (TSN) downgraded to Hold from Buy at Vertical Group. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/20/18
MSCO
04/20/18
NO CHANGE
MSCO
Morgan Stanley says $25B loss in Philip Morris market cap hard to comprehend
Morgan Stanley analyst Matthew Grainger called Philip Morris' largest-ever single day decline yesterday, which knocked $25B off its market cap, "difficult to comprehend" and reflective of "a complete crisis of faith in iQOS' potential value creation." However, he notes that a reduction in iQOS share to 16% in 2025 versus his prior 26% expectation would have only a $3 per share impact on his valuation of Philip Morris shares. Grainger, who sees "exceptional value" in Philip Morris shares at current levels, has an Overweight rating and $123 price target on the stock and added that he also views the sympathy weakness elsewhere in the sector as unjustified.
04/20/18
GSCO
04/20/18
DOWNGRADE
Target $102
GSCO
Buy
Philip Morris downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Judy Hong removed Philip Morris from the Conviction Buy List and lowered its price target to $102 from $126 following the IQOS Q1 volume miss and more cautious tone on IQOS trajectory in Japan. Hong continues to believe the company will deliver organic growth at the high-end of the peer group and that the IQOS opportunity is attractive over time.

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