3 Tobacco Stocks to Watch Out For on RRPs and Pricing Gains
The Zacks Tobacco industry gains from reduced-risk products and solid pricing. Such upsides have been benefiting companies like Philip Morris (PM), Altria (MO) and Turning Point Brands (TPB). However, regulatory...
The rising popularity of low-risk tobacco alternatives has translated into a significant upside for the Zacks Tobacco industry. Products like vaping, e-cigarettes and heat-not-burn variants are being used by smokers due to their less harmful impacts on health. Companies like Philip Morris International Inc. PM, Altria Group, Inc. MO and Turning Point Brands, Inc. TPB have been benefiting from the growing market share of such items.
However, when it comes to cigarettes, tight regulatory norms and consumers’ growing health consciousness continue to be a downside. Nonetheless, strong pricing power has been offering respite to a number of players in the tobacco space.
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Philip Morris International Inc. (PM): Free Stock Analysis Report
Altria Group, Inc. (MO): Free Stock Analysis Report
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