Street View: Philip Morris to weather cost hit as smoke-free revenue growth in focus

Philip Morris PM.N flagged mounting pressure from conflicts in the Middle East, Ukraine and forecast full-year profit in the middle to lower half of prior range on Wednesday

** 12 of 18 brokerages rate stock "buy" or higher and six "hold"; with a median PT of $210, per data compiled by LSEG

TEMPORARY HIT, CONTINUED GROWTH

** Morningstar ( PT: $185) says earnings impact from geopolitical disruptions, US growth investments should be "transitory," adding company's valuation depends on long-term smoke-free revenue growth outpacing expenses

** Stifel ("Buy", PT: $205) says PM remains better positioned than peers to manage higher input costs and recover higher costs through pricing over time

** Brokerage sees upside from faster smoke-free product volume growth in 2027 and improved US ZYN nicotine pouch volumes as investments begin to pay off

** Jefferies ("Hold", PT: $190) says results "supportive" near term, given solid organic momentum that gives company bandwidth to reinvest in Q4

** Brokerage sees strong cigarette pricing power and continued momentum for the Marlboro brand as positives