Philip Morris Stock Gets an Upgrade. Now Is an ‘Attractive Entry Point.’

Philip Morris International

is “ILUMA-nating the growth opportunity”

J.P. Morgan

said in a Thursday report raising its rating on the tobacco company’s stock. 

Analyst Jared Dinges lifted his rating on Philip Morris (ticker: PM) to Overweight from Neutral. He raised his target for the stock price to $116 from $109. Shares of Philip Morris 1.7% higher at $96.33 early Thursday.