Initiated Overweight X

PM Philip Morris International

Morgan Stanley

$140

Downgrades Buy Hold X

PM Philip Morris International

Argus

Upgrades Sell Hold X

PM Philip Morris International

Societe Generale

Downgrades Buy Sell X

PM Philip Morris International

UBS

$105 $86.50

Initiated Neutral X

PM Philip Morris International

Redburn Atlantic

$95

Upgrades Neutral Buy X

PM Philip Morris International

Citigroup

$109 $117

Resumed Buy X

PM Philip Morris International

Stifel

$114

Upgrades Neutral Overweight X

PM Philip Morris International

JP Morgan

$109 $116

Upgrades Neutral Buy X

PM Philip Morris International

UBS

$106 $116

Upgrades Neutral Buy X

PM Philip Morris International

Goldman

$95 $120

Resumed Sell X

PM Philip Morris International

Societe Generale

$90

Upgrades Hold Buy X

PM Philip Morris International

Jefferies

$86 $118

Resumed Neutral X

PM Philip Morris International

Citigroup

$109

Upgrades Hold Buy X

PM Philip Morris International

Argus

$110

Resumed Neutral X

PM Philip Morris International

Credit Suisse

$107

Downgrades Buy Neutral X

PM Philip Morris International

Goldman

$116 $100

Downgrades Overweight Neutral X

PM Philip Morris International

JP Morgan

$130 $110

Upgrades Neutral Overweight X

PM Philip Morris International

JP Morgan

$81 $105

Initiated Mkt Perform X

PM Philip Morris International

Bernstein

$92

Upgrades Eq Weight Overweight X

PM Philip Morris International

Barclays

$82 $100

Upgrades Underweight Eq Weight X

PM Philip Morris International

Barclays

$67 $82

Upgrades Underperform Neutral X

PM Philip Morris International

BofA/Merrill

$81 $94

Upgrades Neutral Buy X

PM Philip Morris International

UBS

$86 $101

Downgrades Neutral Underperform X

PM Philip Morris International

Credit Suisse

Initiated Outperform X

PM Philip Morris International

Bernstein

Downgrades Buy Hold X

PM Philip Morris International

Jefferies

Upgrades Hold Buy X

PM Philip Morris International

Argus

Downgrades Buy Hold X

PM Philip Morris International

Societe Generale

Downgrades Outperform Mkt Perform X

PM Philip Morris International

Cowen

Downgrades Overweight Neutral X

PM Philip Morris International

JP Morgan

Reiterated Buy X

PM Philip Morris International

Stifel

$100 $93

Downgrades Neutral Underperform X

PM Philip Morris International

BofA/Merrill

$113 $88

Initiated Buy X

PM Philip Morris International

Deutsche Bank

$120

Upgrades Neutral Buy X

PM Philip Morris International

Citigroup

PM  Philip Morris International Inc

Philip Morris International Inc. is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada. The Company's portfolio of international and local brands is led by Marlboro. Its mid-price brands are L&M, Lark, Merit, Muratti and Philip Morris. Its other international brands include Bond Street, Chesterfield, Next and Red & White. The Company also owns various local cigarette brands, such as Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Jackpot in the Philippines; Apollo-Soyuz and Optima in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.