Summary:
- UBS upgrades Philip Morris International (PM, Financial) to a Neutral rating, citing strong performance in smoke-free products.
- Analysts project an average price target of $171.87, with an "Outperform" consensus from brokerage firms.
- GuruFocus estimates a potential downside, highlighting a GF Value of $127.70 for PM stock.
UBS has adjusted its rating for Philip Morris International (PM) to Neutral, driven by encouraging first-quarter outcomes that surpassed expectations. This boost highlights the company's strategic growth in its smoke-free product segment. Notably, the target price has been elevated to $170, showcasing optimistic earnings growth projections, especially from ZYN, Philip Morris's nicotine pouch brand.
Wall Street Analysts Forecast
Wall Street analysts offer intriguing insights into Philip Morris International Inc's (PM, Financial) potential. A consensus of 13 analysts projects an average one-year target price of $171.87. Their estimates span from a low of $144.81 to a high of $190.00, indicating a potential upside of 0.96% from the current stock price of $170.24. For an in-depth analysis, please refer to the Philip Morris International Inc (PM) Forecast page.
The consensus recommendation from 16 brokerage firms positions Philip Morris International Inc (PM, Financial) at an average score of 1.9, signaling an "Outperform" status. The rating system ranges from 1 (Strong Buy) to 5 (Sell), reflecting overall market confidence in the company's future prospects.
According to GuruFocus metrics, the estimated GF Value for Philip Morris International Inc (PM, Financial) stands at $127.70 for the upcoming year. This suggests a potential downside of 24.99% from the current price of $170.24. The GF Value reflects a calculated fair value based on historical trading multiples, past business growth, and future performance forecasts. For more detailed data, explore the Philip Morris International Inc (PM) Summary page.
