Philip Morris Analyst Raises Forecasts Ahead Of Q3 Earnings, But ‘Consumer Elasticities Remain A Risk’
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Tobacco giant Philip Morris International Inc. (NYSE:PM) invested $232 million to expand its Kentucky facility.
Goldman Sachs analyst Bonnie Herzog expects the Marlboro parent company to report strong results for its fiscal third quarter on Oct. 22.
Herzog reiterated a Buy rating and raised the price target from $126 to $140.
The Philip Morris International Thesis: The cigarette producer is likely to “comfortably reach” a 10% share of the U.S. combustible and heat-not-burn market by around 2030, Herzog …
Full story available on Benzinga.com
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