Philip Morris As A Top Pick: The Five Reasons To Buy According To Morgan Stanley
Portfolio Pulse from Shivani Kumaresan
Morgan Stanley analyst Pamela Kaufman has reiterated an Overweight rating on Philip Morris International Inc (PM) with a price target of $118. The analyst lists five reasons for investors to buy Philip Morris, including accelerating IQOS adoption trends, rapid Zyn growth in the U.S., further runway for distribution growth in the U.S., opportunity for margin expansion in 2024/2025, and attractive valuation.
June 29, 2023 | 5:04 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Morgan Stanley analyst has reiterated an Overweight rating on Philip Morris with a price target of $118, indicating a positive outlook for the company.
The analyst's positive rating and high price target indicate a strong belief in the company's potential for growth. The reasons given for the rating, including accelerating IQOS adoption trends, rapid Zyn growth in the U.S., further runway for distribution growth in the U.S., opportunity for margin expansion in 2024/2025, and attractive valuation, all suggest a positive impact on the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100