Jefferies Sees Limited Re-Rating Upside for Philip Morris (PM) in 2026

Philip Morris International Inc. (NYSE:PM) is included among the 15 Best S&P 500 Dividend Stocks to Buy in 2026. Jefferies Sees Limited Re-Rating Upside for Philip Morris (PM) in 2026 On January 20, Jefferies analyst Edward Mundy moved Philip Morris International Inc. (NYSE:PM) to Hold from Buy and cut the firm’s price target to $180 from $220. In his note, he said Jefferies sees limited room for the stock to be re-rated in 2026. The analyst also pointed to tougher competition. He noted that British Amer ...