Jump to full article: AP, 2008-03-31
Intro: Analysts from Lehman Brothers and Stifel Nicolaus initiated coverage of Philip Morris International with "Buy" ratings, saying the cigarette maker will be insulated from the threat of U.S. lawsuits and slowing sales.
The split of Altria's cigarette operations into foreign and U.S. units frees Philip Morris International from public-relations concerns and possible lawsuits and allows it to concentrate on expanding its line of cigarette products to markets in developing countries. . . .
Other tobacco companies made gains on Monday.
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