Philip Morris Share Price Target Raised to $89.00 by Barclays Capital Analysts (PM)

Barclays Capital (NYSE: BCS) upped their price target on shares of Philip Morris (NYSE: PM) from $82.00 to $89.00 in a research note issued on Friday. They currently have an “overweight” rating on the company’s shares.

Separately, analysts at Morgan Stanley (NYSE: MS) raised their EPS on shares of Philip Morris in a research note to investors on Friday. They now have an “overweight” rating on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Philip Morris from $80.00 to $88.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Also, analysts at Goldman Sachs (NYSE: GS) raised their price target on shares of Philip Morris to $82.00 in a research note to investors on Monday. They now have a “hold” rating on the stock.

Philip Morris International Inc. (PMI) is a holding company. PMI, through its subsidiaries and affiliates and their licensees, is engaged in the manufacture and sale of cigarettes and other tobacco products in markets outside of the United States of America. As of December 31, 2010, its products were sold in approximately 180 countries. Its portfolio comprises both international and local brands, which include Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris and Red & White. PMI also owns a number of local brands, such as Sampoerna A, Dji Sam Soe and Sampoerna Hijau in Indonesia, Fortune, Champion and Hope in the Philippines, Diana in Italy, Optima and Apollo-Soyuz in Russia, Morven Gold in Pakistan, Boston in Colombia, Belmont, Canadian Classics and Number 7 in Canada, Best and Classic in Serbia, f6 in Germany, Delicados in Mexico, Assos in Greece and Petra in the Czech Republic and Slovakia.

Shares of Philip Morris traded down 0.01% during mid-day trading on Friday, hitting $80.05. Philip Morris has a 52 week low of $58.87 and a 52 week high of $80.99. The stock’s 50-day moving average is $76.78 and its 200-day moving average is $71.34. The company has a market cap of $139.0 billion and a P/E ratio of 16.98.

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Posted by Web Inquirer Staff on 10 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.