BUZZ-Brokerage Stifel raises PT on Philip Morris

Reuters04-25

** Stifel raises PT on Philip Morris after company beats Q1 results on robust demand for heated tobacco sticks and Zyn nicotine pouches, along with higher prices

** Brokerage raises PT to $115 from $108, says PM offers superior growth potential in relation to, both, its tobacco and consumer staple peers

** JP Morgan states PMI's flagship heated-tobacco product IQOS launch "should accelerate earnings growth through FY26"

** Jefferies says PM maintaining its IQOS shipment target owing to ongoing implementation of EU ban on flavored heated tobacco sticks hints that "PM is being cautious until it has better visibility"

** Thirteen of 17 brokerages rate stock "buy" or "higher", three "hold" and one "sell"; their median PT is $108.77 - LSEG

** Up to last close, stock rose nearly 4% YTD

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com;))

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