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Deutsche Bank has raised its price target for Philip Morris International, Inc. to $184 from $170 while maintaining a Buy rating. In 2023, the company sold 612.9 billion cigarettes and 125.3 billion heated tobacco products, operating 50 manufacturing sites globally. Net sales are primarily distributed across Europe (42%) and Asia (32.8%).
Deutsche Bank has raised its price target for Philip Morris International, Inc. to $170 from $142 while maintaining a Buy rating. In 2023, the company sold 612.9 billion cigarettes and 125.3 billion heated tobacco products, operating 50 manufacturing sites globally. Net sales are primarily distributed across Europe (42%) and Asia (51.2%).
Philip Morris International shares soared to record highs, driven by a significant increase in demand for its Zyn nicotine pouches, which saw shipments rise nearly 40% year-over-year. The company reported strong financial results and raised its earnings outlook, highlighting Zyn as a key growth driver as it expands into new markets. With a 37% increase in 2024, this marks the company's best performance since its separation in 2008.
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Deutsche Bank raises price target for Philip Morris International to 184
20:53 24.04.2025
Deutsche Bank raises price target for Philip Morris International to 170 dollars
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Philip Morris shares soar as Zyn demand drives record growth
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