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Stock Market & Financial Investment News

News Breaks
March 4, 2014
06:17 EDTPMPhilip Morris plans hybrid cigarette, WSJ reports
Philip Morris International's new “reduced risk product” is a hybrid, a black, cigarette-shaped tube with a battery and electronics. On one end is a miniature cigarette, a couple of inches long, paper filled with real tobacco. If it's successful, they'll be available in test markets later this year, reports the Wall Street Journal. These bets are worth watching in the tobacco industry, whose core product is in long-term decline.Reference Link
News For PM From The Last 14 Days
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May 6, 2015
10:03 EDTPMOn The Fly: Analyst Upgrade Summary
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09:01 EDTPMPhilip Morris reaffirms FY15 reported EPS view $4.32-$4.42, consensus $4.48
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08:49 EDTPM, PMPhilip Morris upgraded to Outperform from Underperform at CLSA
CLSA's Michael Lavery upgraded Philip Morris to Outperform and raised its price target to $90 from $88. The analyst has increased confidence in its above-consensus estimates and sees upside to margin expectations aided by plant closures.

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