Analysts predict a rebound for Philip Morris' shares with it...
Analysts predict a rebound for Philip Morris' shares with its Q4 earnings report. The company's shift towards higher-margin smokeless products like IQOS could offset traditional cigarette sales decline and enhance profitability. Goldman Sachs analyst Bonnie Herzog foresees a potential upside surprise to both top and bottom line results and anticipates attractive 2024 growth guidance. The stock is deemed cheap at its current trading level.
The Trader: Philip Morris Stock Stands to Get a Boost From Earnings -- Barron's
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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