UBS Lifts Philip Morris International Price Target by $14

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Summary · why it matters

UBS raised its price target on Philip Morris International from $168 to $182 while maintaining a Neutral rating. The company's smoke-free products now account for roughly 41% of revenue with gross margins near 69.5%, and contributions from alternatives like IQOS and ZYN have doubled. Philip Morris has increased its annual dividend every year since going public in 2008, totaling a 219.6% rise.

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