Philip Morris International (PM) continues to perform strongly in the market, crossing the 3% yield mark, and maintaining bullish sentiments among investors. It recently participated in the dbAccess Global Consumer Conference and reaffirmed its 2025 earnings forecast of US$7.01 to US$7.14. Despite a downgrade to 'hold' from Wall Street Zen, PM boasts a 50% year-to-date surge in stock price. Many investment firms, including Sweeney & Michel, Worth Asset Management, GAMMA Investing, and Partnership Wealth Management, have initiated or increased their holdings in PM. The company has reiterated its full-year profit outlook and is mulling over a smoke-free products plan to power their next decade of growth. Recently, it issued €1 billion in notes and still managed to clock a seven-session winning streak. Amidst this, PM retained its price target at UBS amid ZYN supply recovery. However, their status as a low volatility and high dividend-paying stock remains under question. The company has also reported its first-quarter 2025 results and raised its full-year adjusted diluted EPS forecast. Finally, with the company shares hitting an all-time high, it’s unclear whether there is still room for more growth.
Philip Morris International PM News Analytics from Thu, 06 Feb 2025 08:00:00 GMT to Fri, 06 Jun 2025 20:39:05 GMT -
Rating 8
- Innovation 2
- Information 7
- Rumor -5
