BofA Raises Philip Morris International (PM) Price Target by $9

Philip Morris International Inc. (NYSE:PM) operates arsenic a planetary baccy company. Its products see cigarettes and smoke-free alternatives. Its smoke-free concern besides covers wellness and healthcare products, on with user accessories specified arsenic lighters and matches.

On May 20, BofA expert Lisa Lewandowski raised the firm’s terms people connected Philip Morris International Inc. (NYSE:PM) from $200 to $209, portion maintaining a ‘Buy’ standing connected the shares. The people boost reflects an upside of astir 11% from the existent terms level.

BofA views the caller changes successful the FDA’s enforcement attack towards vapes and nicotine pouches arsenic “a affirmative development” for Philip Morris. The expert believes that the banal deserves to commercialized astatine a premium, fixed the spot of its operations, visibility into smoke-free growth, and a resilient net outlook. BofA besides highlighted the assignment of Massimo Andolina arsenic Group CFO and noted that it expects “a creaseless and orderly modulation from Babeau to Andolina, with continuity successful some strategy and superior allocation”.

With an awesome yearly dividend output of 3.12%, Philip Morris International Inc. (NYSE:PM) was besides precocious included successful our database of the 10 Best High-Yield Dividend Growth Stocks to Buy Right Now.

While we admit the imaginable of PM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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