Morgan Stanley Maintains Overweight Rating for Philip Morris Intl: Here's What You Need To Know

Morgan Stanley has decided to maintain its Overweight rating of Philip Morris Intl PM and lower its price target from $112.00 to $102.00.

Shares of Philip Morris Intl are trading down 0.8% over the last 24 hours, at $86.53 per share.

A move to $102.00 would account for a 17.87% increase from the current share price.

About Philip Morris Intl

Philip Morris International is an international tobacco company with a product portfolio primarily consisting of cigarettes and reduced-risk products, including heat-not-burn, vapor and oral nicotine products, which are sold in markets outside the United States. The company diversified away from nicotine products with the acquisition of Vectura, a provider of innovative inhaled drug delivery solutions, in 2021. The firm has six geographical segments: the European Union; Eastern Europe; Middle East and Africa; South and Southeast Asia; East Asia and Australia; and Americas.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.