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PM

Philip Morris

$61.10 /

-3.02 (-4.71%)

06:21
03/23/20
03/23
06:21
03/23/20
06:21

Philip Morris recent share selloff looks overdone, says Piper Sandler

Piper Sandler analyst Michael Lavery lowered the firm's price target on Philip Morris to $98 from $112 and keeps an Overweight rating on the shares. Despite lowering the company's estimates, the analyst remains bullish on Philip Morris' long-term outlook, and he expects nicotine demand to "remain resilient near-term." The recent drop in the share price looks overdone, Lavery tells investors in a research note.

  • 21

    Apr

PM Philip Morris
$61.10 /

-3.02 (-4.71%)

02/13/20
Fly Intel: Top five analyst upgrades
02/13/20 Cowen
Cowen upgrades Philip Morris to Outperform on iQOS volume gains
02/13/20 Cowen
Philip Morris upgraded to Outperform from Market Perform at Cowen
01/31/20 Citi
Citi opens 'Negative Catalyst Watch' on Philip Morris into earnings

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On The Fly
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