Philip Morris International (PM) has been on a high, experiencing a new 52-week record and procuring significant attention for its divert from traditional tobacco products towards a
smoke-free product platform. This shift indicates a strategic move towards more sustainable, healthier choices in the tobacco industry, prompting a surge in the company's stock price. A notable share trading activity was observed from various investment and wealth management firms, including Armis Advisers LLC, Siemens Fonds Invest GmbH, and Farmers Trust Co., amongst others. The price target for PM shares has been set at
$169.20 by analysts. PM experienced a
seven-day winning streak, and despite a five-year decline in earnings, shareholders enjoyed a
166% rise over that period. PM's strategic focus on becoming smoke-free reflects in its
Q1 2025 earnings, which revealed
39% of revenue came from the smoke-free business. PM has projected strong growth for 2025 and raised its full-year adjusted diluted EPS forecast. Despite these positive indications, some cautionary reluctance exists, questioning whether it's too late to invest in the stock.
Philip Morris International PM News Analytics from Tue, 21 Jan 2025 08:00:00 GMT to Sat, 31 May 2025 19:39:30 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor -4
