Jefferies boosts its price target on Philip Morris (PM) by $2 to $91 after digesting the firm's...

|About: Philip Morris Internation... (PM)|By:, SA News Editor

Jefferies boosts its price target on Philip Morris (PM) by $2 to $91 after digesting the firm's strong Q1. Though the firm says PM's top brands are "firing on all cylinders," it sees sideways trading action for the next few months due to high valuation.