Philip Morris International (PMI), a global tobacconist, has been in the spotlight multiple times over recent weeks. The company held its 2024 Virtual Annual Meeting of Shareholders and Jefferies Virtual Reduced Risk Seminar. Its Q1 2024 results outperformed estimates due to rising demand for their heated tobacco sticks, with Zyn being a particularly notable product release. Conversely, Q4 performance fell behind predictions, leading to a 7% stock dip earlier this year. Despite this setback, the company's continuous drive for investment and innovation, specifically in heated tobacco products, strengthens its market position overall. Critics have highlighted legal and regulatory obstacles, and some queries about CEO compensation and insider trading have also surfaced. Meanwhile, the company has consistently posted robust full-year earnings growth, leading to several Broker appraisals declaring PMI a good long-term investment. One Wall Street Analyst predicts a 24% rise in the PMI share value. Philip Morris is also pushing ahead with the launch of a flagship heated tobacco device in Texas and is making increasing inroads with its 'smoke-free' strength & pricing strategy.
Philip Morris International PM News Analytics from Sun, 23 Jul 2023 07:00:00 GMT to Thu, 09 May 2024 20:39:00 GMT -
Rating 7
- Innovation 5
- Information 7
- Rumor -2
