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Philip Morris Beats Resistance
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Philip Morris International Inc. (PM) rose marginally in morning trade to move past a short-term level of resistance at $36.24. The consensus estimate on the company’s full-year earnings has gone up by 2 cents per share to $2.99 in the past week. The most accurate estimate, however, is more bullish at $3.02 a share. Philip Morris is a Zacks#2 Rank (“Buy”) stock.
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| Market Summary | Feb 10, 2012 07:37 am ET |
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