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Analysts Lower Price Targets for Philip Morris after Q2 Earnings

Ralph Nathan
Analysts Lower Price Targets for Philip Morris after Q2 Earnings

On July 19, Philip Morris International (PM) was trading at $80.90. On the same day, analysts expected its stock price to reach $96.06 in the next 12 months, which represents a return potential of 18.7%. The company’s reduced EPS guidance appears to have prompted analysts to lower their price targets.