Goldman Sachs Removes Philip Morris from US Conviction List

Goldman Sachs analysts have removed Philip Morris (PM) from the firm's US Conviction List in their monthly update. This move suggests a positive outlook for the company's future performance.

Goldman Sachs analysts have removed Philip Morris International (NYSE: PM) from the firm's US Conviction List in their latest monthly update. This move suggests a positive outlook for the company's future performance. The Conviction List is a curated list of stocks that Goldman Sachs analysts believe have a high likelihood of outperforming the market.

Philip Morris International has been a consistent performer in the tobacco sector, with strong earnings and revenue growth. In its latest quarter, the company reported $1.91 earnings per share, beating estimates and indicating a 7.1% increase in revenue compared to the previous year [1]. Despite this positive performance, Goldman Sachs has chosen to remove the stock from its Conviction List, potentially signaling a shift in the firm's investment strategy or a change in market conditions.

The removal of Philip Morris from the Conviction List does not necessarily indicate a negative view of the company's prospects. Rather, it could suggest that Goldman Sachs analysts believe there are more compelling investment opportunities elsewhere in the market. The firm's Conviction List is frequently updated to reflect changes in market conditions and company performance, and this move may simply reflect a reassessment of the stock's potential.

Investors should continue to monitor the company's performance and the broader market conditions to make informed investment decisions. The removal of Philip Morris from the Conviction List is one data point among many, and it is essential to consider the company's fundamentals, valuation, and the overall market environment when evaluating investment opportunities.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-sound-view-wealth-advisors-group-llc-trims-position-in-philip-morris-international-inc-nysepm-2025-07-31/
[2] https://247wallst.com/investing/2025/08/01/4-very-safe-dividend-stocks-on-goldman-sachs-august-conviction-buy-list/