NEW YORK (TheStreet) -- Philip Morris Int'l (PM - Get Report) is set to report its 2016 third quarter results before Tuesday's opening bell.

Wall Street is expecting earnings and revenue to be largely flat year-over-year.

Analysts surveyed by FactSet forecast that the New York-based tobacco company will post adjusted earnings of $1.24 per share on revenue of $6.99 billion.

During the same period a year ago, Philip Morris said it had adjusted earnings of $1.24 per diluted share on revenue of $6.93 billion.

JPMorgan reduced its price target on the stock to $110 from $112, but maintained its "overweight" rating today.

"While Q316 results are broadly expected to be subdued we continue to believe the potential progress of PM's RRP (reduced-risk product) platforms has the potential to re-define the industry while boosting equity value by +40% alongside significant earnings upgrades," the firm wrote in a note.

The lower price target is due to the recent de-rating of U.S. staples companies, JPMorgan said.

Shares of Philip Morris were flat in midday trading today.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance.

But the team also finds weaknesses including deteriorating net income and weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: PM