Jefferies sees limited re-rating upside for Philip Morris (PM) in 2026

MSN
2026.01.27 07:32
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Jefferies analyst Edward Mundy has downgraded Philip Morris International Inc. (NYSE:PM) from Buy to Hold and reduced the price target from $220 to $180. Despite being listed among the 15 Best S&P 500 Dividend Stocks to Buy in 2026, Jefferies sees limited re-rating upside for the company.

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