Top Wall Street Forecasters Revamp Philip Morris Expectations Ahead Of Q2 Earnings

Group 1 - Philip Morris International Inc. is set to release its second-quarter earnings results on July 22, with expected earnings of $1.86 per share, an increase from $1.59 per share in the same period last year [1] - The company is projected to report quarterly revenue of $10.33 billion, compared to $9.47 billion a year earlier [1] - On June 13, Philip Morris declared a regular quarterly dividend of $1.35 per share, and its shares gained 1% to close at $180.48 [2] Group 2 - Citigroup analyst Simon Hales maintained a Buy rating and raised the price target from $188 to $200 [4] - JP Morgan analyst Jared Dinges maintained an Overweight rating and increased the price target from $175 to $190 [4] - Barclays analyst Gaurav Jain maintained an Overweight rating and raised the price target from $220 to $225 [4] - B of A Securities analyst Lisa Lewandowski maintained a Buy rating and increased the price target from $182 to $200 [4] - Stifel analyst Matthew Smith maintained a Buy rating and raised the price target from $168 to $186 [4]