Philip Morris International Inc. (PM) Hits Fresh High: Is There Still Room to Run?

Shares of Philip Morris (PM) have been strong performers lately, with the stock up 7% over the past month. The stock hit a new 52-week high of $165 in the previous session. Philip Morris has gained 35.6% since the start of the year compared to the 6.6% move for the Zacks Consumer Staples sector and the 26.7% return for the Zacks Tobacco industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of ...