Jefferies Thinks Philip Morris’ Stock is Going to Recover

By Jason Carr

Jefferies analyst Owen Bennett reiterated a Buy rating on Philip Morris (NYSE: PM) on July 11 and set a price target of $93. The company’s shares closed yesterday at $82.68, close to its 52-week low of $76.21.

According to TipRanks.com, Bennett is ranked #3518 out of 4843 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Philip Morris with a $98.83 average price target.

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The company has a one-year high of $121.69 and a one-year low of $76.21. Currently, Philip Morris has an average volume of 7.09M.

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