Philip Morris International Inc (PM): Price Target and June Short Interest Disclosure

Philip Morris International Inc (PM) : The consensus price target for Philip Morris International Inc (PM) is $108.67 for the short term with a standard deviation of $5.65. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $115, however, the pessimist price target for the company is $98.

Philip Morris International Inc (PM), A drop of 2,023,018 shares or 15.9% was seen in the short interest of Philip Morris International In. Even as the interest dropped from 12,687,467 shares on June 15,2016 to 10,664,449 shares on June 30,2016, the days to cover came in at 2. The updated interest stood at 0.7% of the stocks floats. The stock has seen an average daily volume of 6,254,242 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, JP Morgan upgrades its view on Philip Morris International Inc (NYSE:PM) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on June 17, 2016.


Philip Morris International Inc (NYSE:PM): On Thursdays trading session , Opening price of the stock was $103.38 with an intraday high of $103.66. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $102.74. However, the stock managed to close at $103.19, a loss of 0.05% for the day. On the previous day, the stock had closed at $103.24. The total traded volume of the day was 3,059,836 shares.

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 Companys products are sold in more than 180 markets, which include a range of international and local, premium, mid-price and low-price brands. Its premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield, and international brands include Bond Street, Lark, Muratti, Next, Philip Morris and Red & White. Its local cigarette brands consist of Sampoerna, Dji Sam Soe and U Mild in Indonesia; Fortune, Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.

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