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

PMI by
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, the consensus rating for Philip Morris International is "moderate buy" with an average target price of $107.39.


This article is translated from an original Chinese article available on by AI, and has been reviewed and edited by 2FIRSTS's English editorial team. The Chinese original text is the only authoritative source of information. The exclusive copyright and license rights to this article are held by 2FIRSTS Technology Co., Ltd. Any reproduction, reprinting, or redistribution of this article, either in part or in full, requires express written permission from 2FIRSTS and must include clear attribution along with a link to this content. Non-compliance may result in legal action. 2FIRSTS Technology Co., Ltd. reserves the right to pursue legal actions in case of unauthorized use or distribution.