Philip Morris Likely To Report Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Philip Morris International Inc. (NYSE:PM) is expected to report higher Q2 earnings at $1.47 per share, up from $1.32 per share a year ago. The company's revenue is projected to be $8.65 billion. The stock closed at $98.77 on Wednesday. Analysts from Morgan Stanley, Stifel, Goldman Sachs, and Argus Research have recently reiterated or upgraded their ratings on the stock, with price targets ranging from $105 to $120.
July 20, 2023 | 7:15 am
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Philip Morris is expected to report higher Q2 earnings. Analysts have a positive outlook on the stock, with price targets ranging from $105 to $120.
The expected increase in Q2 earnings and the positive outlook from analysts suggest a potential short-term increase in Philip Morris' stock price. The price targets set by the analysts indicate a potential upside of 6% to 21%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100