Goldman Sachs upgrades Philip Morris, cites expansion in U.S. with smoke-free alternatives

An expansion into the U.S. makes tobacco company Philip Morris International a buying opportunity for investors, according to Goldman Sachs. Analyst Bonnie Herzog upgraded shares to buy from neutral, saying the launch of a line of smoke-free electronic cigarette products in the U.S. will drive growth for the company. “We see a more favorable risk/reward … Read more

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