From Yahoo Finance: 2025-05-25 07:15:00

Needham initiated coverage of Philip Morris International Inc. with a Buy rating and a price target of $195, praising the company’s transition to smoke-free products and market leadership in heated tobacco and nicotine pouches. The firm anticipates high-single to low-double digit earnings growth driven by innovation and expanding markets, aiming for smoke-free products to eventually replace cigarettes entirely. Currently, 38.6 million adults have switched to these alternatives in 95 global markets, with revenue from smoke-free products projected to surpass two-thirds by 2030.



Read more at Yahoo Finance: Needham Initiates Coverage of Philip Morris (PM) With Buy Rating