Philip Morris International stock hasn’t had a hot start to 2024, but its shares could be ready to bounce back when it reports fourth-quarter earnings on Feb. 8, Jacob Sonenshine writes in this week’s edition of Barron’s. Sales for the quarter are expected to grow 10.5% to $9B, according to FactSet. The increased adoption of the company’s smokeless products, including its IQOS heated tobacco, should offset declines in traditional cigarette sales.
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