Philip Morris stock hits fresh 52-week high as India IQOS setback and CAGNY loom
Philip Morris shares closed up 1.4% at $188.95 Thursday, hitting a 52-week high despite a broader market decline. India’s health ministry rejected easing its ban on e-cigarettes and heated tobacco, blocking IQOS. CEO Jacek Olczak and CFO Emmanuel Babeau will address investors at CAGNY on Feb. 18.