Shares of Philip Morris International Inc. (PM) reached a 52-week high of $127.41 on Wednesday before closing the trading session at $126.61. The company’s strategic focus on smoke-free products, driven by growing consumer health consciousness, has been a key factor in its success. Its pricing power has also bolstered performance.These factors have fueled a 21.5% rally in Philip Morris shares over the past three months, outpacing the broader industry’s growth of 20.7%. PM also surpassed the Zacks Consumer S ...