Societe Generale Upgrades Philip Morris Intl to Hold, Announces $87.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Societe Generale analyst Chas Manso upgrades Philip Morris Intl (PM) from Sell to Hold and sets a price target of $87.5.
February 13, 2024 | 10:46 am
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Philip Morris Intl was upgraded by Societe Generale from Sell to Hold with a new price target of $87.5.
The upgrade from Sell to Hold by a major financial institution like Societe Generale indicates a positive shift in the analyst's view of Philip Morris Intl's future performance. The setting of a price target at $87.5, higher than its current trading price, suggests an expectation of upward movement in the stock's price. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100