Morgan Stanley Sticks to Its Buy Rating for Philip Morris (PM)
Morgan Stanley analyst Eric Serotta reiterated a Buy rating on Philip Morris today and set a price target of $205.00.
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Serotta covers the Consumer Defensive sector, focusing on stocks such as Celsius Holdings, Altria Group, and Philip Morris. According to TipRanks, Serotta has an average return of -3.2% and a 52.38% success rate on recommended stocks.
In addition to Morgan Stanley, Philip Morris also received a Buy from TipRanks – OpenAI’s OpenAI Tobacco in a report issued today. However, on February 9, UBS maintained a Hold rating on Philip Morris (NYSE: PM).
Based on Philip Morris’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.36 billion and a net profit of $2.31 billion. In comparison, last year the company earned a revenue of $9.71 billion and had a GAAP net loss of $579 million
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