Philip Morris price target raised to $160 from $145 at Stifel

Stifel raised the firm’s price target on Philip Morris (PM) to $160 from $145 and keeps a Buy rating on the shares, calling Q4 “the kind of quarter we have become accustomed to” with 10% constant currency growth in EPS topping the firm’s estimate. While the firm has “become accustomed to the momentum,” Philip Morris’ revenue and margin expansion “remain a stand-out in consumer staples,” the analyst tells investors.