Morgan Stanley Raises Philip Morris (PM) Target on Confidence in Zyn and IQOS Growth

On June 3, Morgan Stanley raised its terms proposal connected Philip Morris International Inc. (NYSE:PM) to $200 from $190. It reiterated an Overweight standing connected the shares. The steadfast said its assurance improved pursuing updates shared by Philip Morris astatine a caller capitalist conference. The institution announced that Zyn Ultra volition motorboat successful the U.S. this period and besides provided an update connected IQOS successful Japan. At the aforesaid time, Morgan Stanley lowered its Q2 and full-year 2026 estimates by $0.05 per stock to bespeak overseas speech impacts, successful enactment with the company’s updated outlook.

On June 2, Reuters reported that Philip Morris lowered its yearly nett forecast due to the fact that of currency fluctuations. Even so, CEO Jacek Olczak said different risks to achieving the company’s outlook, including rising vigor prices, were manageable.

Speaking astatine the Deutsche Bank Global Consumer Conference, Olczak said caller U.S. FDA actions to easiness enforcement connected unauthorized vaping products and nicotine pouches were a “net positive.” He said the determination reduces regulatory uncertainty astir Zyn and should enactment maturation crossed the category.

Philip Morris present expects 2026 adjusted net per stock of $8.31 to $8.46, representing maturation of 10.2% to 12.2% from 2025 levels. The updated scope is little than its erstwhile forecast of $8.36 to $8.51. Analysts had been expecting net of $8.41 per share. Olczak besides said the institution has much flexibility than initially expected this twelvemonth to offset definite headwinds.

Philip Morris International Inc. (NYSE:PM) is an planetary baccy company. Its portfolio includes cigarettes and smoke-free products. The smoke-free concern besides includes wellness and healthcare products, on with user accessories specified arsenic lighters and matches.

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