Can Philip Morris International Kick Its "Sin Stock" Discount?

The market remains hesitant to give the Zyn maker a higher valuation.On Oct. 21, Philip Morris International (PM 2.22%) released its latest quarterly earnings. While the tobacco giant reported "beat and raise" results for the second quarter in a row, updates to guidance fell short of Wall Street's expectations.Shares have pulled back, albeit to a lesser degree than what occurred when the company last reported quarterly results back in July. Although the stock may be finding support as investors buy the dip, ...