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Philip Morris (PM) [hlAlert]

Rating:
Buy PM
up 59.86 %

Philip Morris (PM) rated Buy with price target $80 by Davenport

Posted on: Monday,  Apr 25, 2011  2:25 PM ET by Davenport

Davenport rated Buy Philip Morris (NYSE: PM) on 04/25/2011. Previously Davenport rated Buy Philip Morris (NYSE: PM) on 04/18/2008., when
the stock price was $50.53. Since then, Philip Morris has gained 59.87% as of 10/16/2015's recent price of $80.78.
If you would have followed the previous Davenport's recommendation on PM, you would have gained 59.86% of your investment in 2737 days.

Philip Morris International Inc. (PMI) is an international tobacco company. The Company is a holding company that, through its subsidiaries and affiliates and their licensees, is engaged in the manufacture and sale of cigarettes and other tobacco products in markets outside the United States. Its products are sold in over 160 countries. The Company divides its markets into four geographic regions: European Union; Eastern Europe, Middle East and Africa; Asia, and Latin America. PMI?s portfolio comprises international and local brands. In September 2009, Swedish Match AB sold its South African operation, Swedish Match South Africa (Proprietary) Limited (SMSA) to Philip Morris International Inc.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/25/2011 2:25 PM Buy
None
67.65 80.00
as of 12/30/2011
1 Week down  -0.34 %
1 Month up  2.93 %
3 Months up  25.80 %
1 YTD up  34.08 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/18/2008 8:25 AM Buy
None
50.53 58.00

(*) Stock Price at the time of the recommendation.
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