According to a report by MarketBeat.com on January 25th, UBS Group research analysts have downgraded their rating on Philip Morris International from "buy" to "sell" in a research report released to investors on Tuesday. They currently have a target price of $86.50 for the stock, which is lower than the previous target price of $105.00. UBS Group's target price represents a potential decrease of 4.81% from the company's previous closing price.
According to the data, institutional investors have increased their stake in Philip Morris International, indicating that they still have confidence in the company.
Philip Morris International (PMI) is primarily engaged in the production and sale of tobacco and non-tobacco products. These products include heated tobacco, e-cigarettes, and oral nicotine products marketed under various brands such as IQOS and ZYN.
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