Citi analyst Simon Hales raised the firm’s price target on Philip Morris (PM) to $163 from $147 and keeps a Buy rating on the shares, citing the “impressive strong end to 2024 and stronger-than-expected outlook for 2025.” Strong revenue and margin growth prompts a 4% upgrade to the firm’s EPS view, notes the analyst, who points out that the firm’s FY25 adjusted EPS forecast at $7.16 compares to guidance of $7.04-$7.17.
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