Philip Morris: Double-Digit Upside Still Possible - Thanks To Robust Tobacco Monetization
PMI(PM) Seeking Alpha·2024-07-27 00:00
Inok/iStock via Getty ImagesWe previously covered Philip Morris (NYSE:NYSE:PM) in May 2024, discussing why it remained a Buy for investors looking to buy the best of breed tobacco stock, with the Smoke-Free approaches already accretive to its top/ bottom-lines and long-term growth opportunities. Combined with the robust capital appreciation and dividend income prospects, with Seeking Alpha Quant still rating its dividend safety at B+, we believed that the stock's premium valuations over its peers and se ...