Societe Generale Upgrades PMI from "Sell" to "Hold"

PMI by 2FIRSTS.ai
Feb.14.2024
Societe Generale Upgrades PMI from "Sell" to "Hold"
Societe Generale upgrades Philip Morris International from "sell" to "hold" amid new product launches and patent settlement.

According to Marketbeat's latest report, stock research analysts at Societe Generale have upgraded their rating on Philip Morris International (NYSE: PM) from "sell" to "hold" and issued a memo to investors on February 13th.

 

PMI released its 2023 financial report on February 8th. The report stated that iQOS will be test marketed in the United States this year. Prior to this, the company settled a global patent dispute with British American Tobacco (BAT).

 

Other research analysts have recently published reports on this stock as well. Redburn Atlantic released a research report on Philip Morris International stock on Thursday, November 16, giving it a "neutral" rating and a target price of $95.00. UBS Group, in a research report on January 23, downgraded their rating on Philip Morris International from "buy" to "sell" and reduced their target price from $105.00 to $86.50. Lastly, JPMorgan Chase Bank published a research report on November 29, raising their target price on Philip Morris International from $110.00 to $115.00 and giving the company an "overweight" rating.

 

One analyst has issued a sell rating, three analysts have issued a hold rating, and six analysts have issued a buy rating. According to data from MarketBeat.com, the consensus rating for Philip Morris International is "moderate buy" with an average target price of $107.39.

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Operation Shutdown in South Australia closes 71 illegal tobacco and e-cigarette stores, confiscates over $4.2 million worth of products
Operation Shutdown in South Australia closes 71 illegal tobacco and e-cigarette stores, confiscates over $4.2 million worth of products
South Australia cracked down on illegal tobacco and e-cigarette sales, closed 71 illegal stores, and seized A$4.2 million (about US$2.77 million) worth of products.
Sep.30 by 2FIRSTS.ai
InterTabac 2025 | Interview with German Vaping Trade Association: Opposition to Flavor and Disposable Bans as Black Market and Compliance Dominate the Agenda
InterTabac 2025 | Interview with German Vaping Trade Association: Opposition to Flavor and Disposable Bans as Black Market and Compliance Dominate the Agenda
During InterTabac 2025, 2Firsts spoke with the German vaping trade association (Verband des eZigarettenhandels e. V. (VdeH)). The association noted that while Germany’s market continues to grow, the black market may account for nearly half of total volume; disposables are reshaping retail channels. VdeH is firmly opposed to flavor bans and disposable bans, arguing such measures would expand the black market and drive users back to cigarettes.
Sep.19 by 2FIRSTS.ai
Singapore Police Dismantle Cross-Border E-Cigarette Smuggling Ring, Arrest 12 and Seize Over 64,000 Devices
Singapore Police Dismantle Cross-Border E-Cigarette Smuggling Ring, Arrest 12 and Seize Over 64,000 Devices
Singapore authorities crack down on cross-border e-cigarette smuggling syndicate, arresting 12 individuals and seizing over $43,000 worth of contraband.
Oct.20 by 2FIRSTS.ai
Mylor Innovation Lab Launches JuiSour Series: Revolutionizing Sour Aroma, Sour-Sweet Balance, and Juiciness in E-Liquids
Mylor Innovation Lab Launches JuiSour Series: Revolutionizing Sour Aroma, Sour-Sweet Balance, and Juiciness in E-Liquids
Mylor Innovation Lab will unveil its JuiSour Series at InterTabac in Dortmund, positioned around “aroma burst, sour-sweet balance,enhanced juiciness.” The new line comprises three sub-series — Berry, Candy, and Citrus — breaking through the limitations of traditional acetic acid and introducing the concept of a “Golden Sour-Sweet Ratio” to elevate the sour-aromatic profile and mouthfeel of e-liquids.
Sep.12
JUUL Labs Accuses NJOY and Altria of Patent Infringement; U.S. ITC Launches Section 337 Investigation
JUUL Labs Accuses NJOY and Altria of Patent Infringement; U.S. ITC Launches Section 337 Investigation
The U.S. International Trade Commission (USITC) has instituted an investigation titled Certain Vaporizer Devices, Cartridges Used Therewith, and Components Thereof (II) based on a complaint by JUUL Labs, Inc. JUUL alleges that NJOY, its parent and affiliates at Altria Group, infringed U.S. Patent No. 12,156,533 through the importation and sale of certain ENDS devices, cartridges, and components. JUUL seeks a limited exclusion order and cease-and-desist orders. Respondents must answer within 20 d
Sep.11 by 2FIRSTS.ai
New York AG Seeks to Shut Down Vape Shops, Ban Owners from Industry
New York AG Seeks to Shut Down Vape Shops, Ban Owners from Industry
New York Attorney General Letitia James has filed a petition seeking to permanently shut down two smoke shops and ban their owners from the vape industry for repeatedly selling illegal flavored vapes to minors and operating without valid licenses. The nearly 50-page complaint names Eysa Sharhan and Ahmed Mozeb and their stores — Pop-In Smoke & Vape LLC, Pufftopia LLC, and Royalty Tobacco LLC — accusing them of a “persistent pattern of illegal activity.”
Oct.24 by 2FIRSTS.ai