UPDATE: Goldman Sachs Downgrades Philip Morris International on Move to the Sidelines Until Visibility Improves

In a report published Thursday, Goldman Sachs analyst Judy E. Hong downgraded the rating on Philip Morris International (NYSE: PM ) from Conviction List-Buy to Neutral, and lowered the price target from $103.00 to $95.00. In the report, Goldman Sachs noted, “We are removing PM from the America's Conviction Buy