Philip Morris International Makes $1 Billion Investment in Smoking Alternatives
Twenty years ago, cigarette maker Liggett Group upended the tobacco world when it broke ranks with the rest of the industry and agreed to settle a lawsuit with 22 states, becoming the first company to admit cigarettes were addictive and cause cancer. The decision forever changed how the tobacco industry operated.
Philip Morris International (NYSE: PM) is looking to similarly revolutionize the industry by committing to investing $1 billion in the creation of a Foundation for a Smoke-Free World to stamp out smoking. The tobacco company that generates over $26 billion a year from selling cigarettes says it wants to offer them a better option.
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Source: Fool.com
Altria Group Inc. Stock
€43.11
0.150%
We see a rather positive sentiment for Altria Group Inc. with 8 Buy predictions and 1 Sell predictions.
With a target price of 46 € there is a slightly positive potential of 6.72% for Altria Group Inc. compared to the current price of 43.11 €.
