Philip Morris International (PMI) is in the market limelight following a series of favorable developments. The most significant being
surpassing Q2 2024 earnings expectations, which has seen the company's stock gain. Additionally, PMI's
full-year profit forecast also topped market expectations, causing the stocks to surge. In line with this,
JPMorgan Chase & Co. raised their price target for PMI to $125.00. The company's strong sales stem from the surging demand for
Zyn Pouches, which have continued to fuel PMI's success, to the extent that the company had its profit forecast increased due to the growing demand for nicotine pouches. The company's
commitment to job creation is emphasized by a $600 million investment in a manufacturing facility in Aurora, Colo. generating 500 positions. PMI also gained a position on
Forbes' 2024 Net Zero Leaders List recognizing its efforts towards sustainability. Amidst all these positive results, PMI was sold by Price T Rowe Associates Inc. MD.
Philip Morris International PM News Analytics from Thu, 08 Feb 2024 08:00:00 GMT to Sun, 28 Jul 2024 22:55:55 GMT -
Rating 8
- Innovation 2
- Information 9
- Rumor -2
