Stifel Nicolaus Keeps Their Buy Rating on Philip Morris

By Ryan Adsit

Stifel Nicolaus analyst Christopher Growe reiterated a Buy rating on Philip Morris (NYSE: PM) yesterday and set a price target of $134. The company’s shares closed yesterday at $116.93.

According to TipRanks.com, Growe is a 4-star analyst with an average return of 6.2% and a 58.7% success rate. Growe covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Mondelez International.

Currently, the analyst consensus on Philip Morris is Moderate Buy and the average price target is $126.40, representing an 8.1% upside.

In a report issued on August 18, Piper Jaffray also reiterated a Buy rating on the stock with a $134 price target.

The company has a one year high of $123.55 and a one year low of $86.78. Currently, Philip Morris has an average volume of 3.78M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.

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