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A statement released earlier today by Zacks Investment Research about Philip Morris International Inc. (NYSE:PM) ups the target price to $108.00

Yesterday Philip Morris International Inc. (NYSE:PM) traded -0.57% lower at $95.59. The company’s 50-day moving average is $99.73 and its 200-day moving average is $99.79. The last stock close price is down -4.25% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,132,640 shares of the stock were exchanged, down from an average trading volume of 4,169,950

Indicating a possible upside of 0.13%, Zacks Investment Research bumped up the target of Philip Morris International Inc. (NYSE:PM) to $108.00

See Chart Below

Philip Morris International Inc. (NYSE:PM)

Philip Morris International Inc. has a 52 week low of $81.55 and a 52 week high of $104.20 with a P/E ratio of 22.86 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is $99.95 with 3 firms rating the stock a strong buy, 5 firms rating the stock a buy, 8 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Philip Morris International Inc. (NYSE:PM)

Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company's products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada. The Company's premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands include L&M and Philip Morris, and other international brands include Bond Street, Chesterfield, Lark, Muratti, Next and Red & White. Its local cigarette brands consist of Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Hope in the Philippines; Apollo-Soyuzand Optima in Russia; Morven Gold in Pakistan; Boston in Colombia, Belmont, Canadian Classics and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.

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