Jefferies Maintains Buy on Philip Morris Intl, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Owen Bennett maintains a Buy rating on Philip Morris Intl (NYSE:PM) but lowers the price target from $111 to $105.
October 13, 2023 | 3:38 pm
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Jefferies analyst Owen Bennett maintains a Buy rating on Philip Morris Intl but lowers the price target from $111 to $105.
The news is directly related to Philip Morris Intl. While the maintained Buy rating is positive, the lowered price target might have a neutral to slightly negative impact on the stock in the short term as it indicates a lower future valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100