UBS Analysts Downgrade PMI's Rating to "Sell"

PMI by 2FIRSTS.ai

Jan.26.2024

UBS Analysts Downgrade PMI's Rating to "Sell"

UBS Research analysts downgraded Philip Morris International's rating to "sell" with a target price of $86.50, a 4.81% drop.

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.

References:

[1] Philip Morris International (NYSE:PM) Downgraded by UBS Group

Also Read:

[1] KT&G and PMI Form Long-term Partnership for New Brand Lil

[2] PMI and PMJ Receive "Top Employer" Certification

[3] PMI South Africa: Tobacco Control Bill Hinders Smoke-Free Alternatives

[4] PMI Spain CEO: Collaborating with New Health Minister for Public Health

#North America #United States #Traditional tobacco #PMI #Major companies

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