Analyst Bonnie Herzog said Philip Morris International shares are one of Goldman's top picks.
Philip Morris International shares have been weak heading into an investor day on Thursday, where the Marlboro maker is expected to provide more detail around upcoming product launches and growth expectations. In a note to clients last week, Goldman Sachs analyst Bonnie Herzog reiterated her buy rating on Philip Morris shares and said she expected a "robust and compelling presentation" that will be a positive for the stock.
" Nicotine pouches gain popularity Jain was more upbeat on Zyn, a smoke-free nicotine pouch that came to Philip Morris' portfolio via the Swedish Match acquisition, saying it "continues to surprise to the upside." Bank of America recently reported that sales of smokeless tobacco products in August rose nearly 11% year over year, which is a 100 basis point improvement from the prior four-week period.
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