Philip Morris Stock: 10% Upside Potential

Philip Morris Stock: 10% Upside Potential

392424 03: The Philip Morris logo adorns the outside of the company''s New York headquarters July ... [+] 25, 2001 in New York City. A report commissioned by the Philip Morris company and made public a week ago outlined the financial benefits of smoking on a country''s economy by the "indirect positive effects" of early deaths. The report examined the Czech Republic, determining that smokers who died prematurely from tobacco-related illnesses saved the Czech government $30 million in 1999. (Photo by Spencer Platt/Getty Images)



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We believe Philip Morris stock (NYSE: PM) is a decent opportunity at the present time. PM trades at $77 currently and is, in fact, down 10% so far this year. It traded at a pre-Covid high of $88 in February and is 13% below that level now. PM stock has gained 28% from the low of $60 seen in March 2020, less than the S&P 500 which is up 60% from its March bottom. PM's stock has underperformed the market as the drop in the stock price during the coronavirus crisis was much less than the broader market's drop in the first place, due to the company belonging