BNP Paribas Initiates Coverage on Philip Morris International (PM)
Investment analysts at BNP Paribas initiated coverage on shares of Philip Morris International (NYSE:PM) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $90.00 price target on the stock. BNP Paribas’ target price indicates a potential upside of 6.48% from the company’s current price.
Shares of Philip Morris International (NYSE:PM) traded up 1.73% during mid-day trading on Thursday, hitting $84.52. 6,878,677 shares of the company’s stock traded hands. Philip Morris International has a 52-week low of $82.27 and a 52-week high of $96.73. The stock has a 50-day moving average of $85.12 and a 200-day moving average of $87.12. The company has a market cap of $135.4 billion and a P/E ratio of 15.77.
A number of other analysts have also recently weighed in on PM. Analysts at Standpoint Research initiated coverage on shares of Philip Morris International in a research note to investors on Monday, January 6th. They set a “sell” rating on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Philip Morris International in a research note to investors on Sunday, January 5th. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Philip Morris International in a research note to investors on Friday, December 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Philip Morris International presently has an average rating of “Hold” and an average target price of $93.95.
Philip Morris International Inc (NYSE:PM) is a holding company.
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