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Fly News Breaks for January 31, 2020
Jan 31, 2020 | 06:32 EDT
Citi analyst Adam Spielman opened a "Negative Catalyst Watch" on shares of Philip Morris International into next week's Q4 results and guidance. The analyst expects the company to guide to "significantly slower" organic sales and earnings growth in 2020, due mainly to the absence of 2019's easy comp in Japan and a slowdown in Indonesia. In addition, the analyst thinks there is a good chance Philip Morris cuts its 2021 volume target for iQos. He keeps a Neutral rating on the shares with a $90 price target.
News For PM From the Last 2 Days
Apr 20, 2021 | 11:17 EDT
Shares of Philip Morris (PM) are on the rise after the company reported better-than-expected quarterly results and raised its fiscal year 2021 earnings per share guidance. The first quarter... To see the rest of the story go to See Story Here
Apr 20, 2021 | 07:03 EDT
Reports total IQOS users at quarter-end estimated at approximately 19.1M, "of which approximately 14.0M have switched to IQOS and stopped smoking".
Apr 20, 2021 | 05:45 EDT
The Biden administration considering cutting almost all nicotine from cigarettes and banning menthol would be a "severe blow" to tobacco, Citi analyst Adam Spielman tells investors in a research note. However it is not yet clear that the administration will actually bring such proposals forward, says the analyst. In theory, a rule to make cigarettes non-addictive could have a "severe impact," but a bill would unlikely be implemented for many years, notes Spielman.
Apr 19, 2021 | 14:11 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include Johnson & Johnson (JNJ), consensus $2.34... Procter & Gamble (PG), consensus $1.19... Abbott (ABT), consensus $1.27... Philip Morris (PM), consensus $1.40... Lockheed Martin (LMT), consensus $6.30... Travelers (TRV), consensus $2.37... Fifth Third Bancorp (FITB), consensus 69c... KeyCorp (KEY), consensus 48c... Omnicom (OMC), consensus $1.13.