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Michael Branca rises from runner-up, where he spent the past two years, to third place; the Barclays analyst also captures the second-tier spot in Beverages. Branca added Philip Morris International to his favorites list in March 2011, at $60.64, and has repeatedly reminded clients of the recommendation since. “Philip Morris’s dominant market-share position in many leading markets provides ample pricing power and is more than enough to offset any volume stagnation through a challenging global economic climate,” he explains. The New York–based manufacturer and international distributor of Marlboro, Merit and other cigarette brands had climbed to $89.30 by the end of August 2012, gaining 34.1 percent in the past 12 months alone. “I appreciate Michael Branca’s in-depth knowledge and his good market timing,” cheers one investor. RUNNER(S)-UP Vivien Azer Citi Christopher Growe Stifel, Nicolaus & Co. Bonnie Herzog Wells Fargo Securities 朱迪在香港 Goldman, Sachs & Co.. |