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Phillip Morris (PM; A2, A-; S) Updated FY reported EPS

CONSUMER STAPLES

Some technical adjustments for reported EPS, constant currency looks unch at 9-11% on EPS as confirms all other guidance from 1Q24 results in April. PM provides detailed FY guidance (see 1Q24 results) and has firm growth prospects for a tobacco name. Leverage expected to improve 0.3-0.5x this year (from ~3x).


https://www.pmi.com/investor-relations/press-relea...

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