JP Morgan Maintains Overweight on Philip Morris Intl, Raises Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jared Dinges maintains an Overweight rating on Philip Morris Intl and raises the price target from $125 to $145.
October 23, 2024 | 5:20 pm
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POSITIVE IMPACT
JP Morgan has increased its price target for Philip Morris Intl from $125 to $145, maintaining an Overweight rating. This suggests confidence in the company's future performance.
The increase in price target from $125 to $145 by JP Morgan indicates a positive outlook on Philip Morris Intl's future performance. The Overweight rating suggests that the analyst expects the stock to outperform its peers. This is likely to have a positive short-term impact on the stock price as investors may view this as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100