Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

MO 58.07

-0.5%

Dec 19 9:30 AM EST

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To: im a survivor who wrote (6250)	6/13/2001 9:47:42 PM
From: Ian@SI	of 6439

GS must be looking for the next piece of investment business having missed out on the KFT deal. Philip Morris (MO) 48.30 -0.27: Goldman Sachs reiterates RECOMMENDED LIST rating and 12-month price target of $70-75; expects stock to trade up to $51-53 today, as Kraft's (KFT) IPO price of $31 was above the high-end of the original range; stock offers a 40%-plus upside potential by mid/late 2002 is based on accelerating EPS growth due to improving tobacco fundamentals, faster food profit growth and financial leverage; the 'tobacco taint' discount is likely to narrow as the legal picture continues to improve; believes that market participants will bid up the value of tobacco business based on current comps

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