From Financial Modeling Prep: 2024-10-22 18:00:11

Deutsche Bank has raised its price target for Philip Morris International (NYSE:PM) to $142 from $135, maintaining a “Buy” rating. The company’s shift towards smokeless products and strong quarterly earnings report, with sales rising 8.4% year-over-year to $9.9 billion, have contributed to its stock reaching new heights. ZYN nicotine pouches and IQOS heated tobacco devices have been key drivers of growth, with ZYN shipments in the U.S. increasing by 41.4%.



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