Philip Morris International Inc. (NYSE:PM) is one of the best dividend stocks to buy. Stifel Nicolaus analyst Matthew Smith reiterated a Buy call on Philip Morris with a $180 price target on November 6.
On November 4, independently of the analyst action, Philip Morris announced that from January 1, 2026 onwards, it will follow a new corporate structure, with the US and International business units being separated as the company grows.
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This corporate restructuring will fill in for the 4 geographic business units as of now, with three new segments: International Smoke-Free, International Combustibles, and U.S.
Philip Morris aims to start financial reporting for the new units in Q1 2026, and the prior financials for the years 2023-2025 will be declared after this year’s full results are published. This restructuring supports PM’s broader objective of transitioning into a smoke-free business. Since 2008, it has spent more than $14 billion developing and launching alternatives to traditional cigarettes.
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