Coatue Management holds $236.48 million worth of shares in Philip Morris International Inc. (NYSE: PM), comprising 0.66% of its total 13F portfolio, making it part of billionaire Philippe Laffont’s 10 stock picks with huge upside potential. PM expands its U.S. operations with a $37 million investment in a new production line for TEREA.

UBS notes increasing competition in the U.S. nicotine pouch sector may impact Philip Morris International Inc. (NYSE: PM)’s ZYN brand revenue. Limited brand loyalty among users could reduce market share. Analysts monitor PM’s smoke-free transformation, emphasizing advancements in IQOS products. PM focuses on developing smoke-free and reduced-risk products, included in Laffont’s stock portfolio.

Read more at Yahoo Finance: Philip Morris International Inc. (PM) Expands U.S. Operations With New IQOS ILUMA Production Line