Philip Morris shares clinched fresh all-time highs. The stock is once again being viewed as a growth company due to the success of the Zyn oral nicotine pouches.Philip Morris International shares reached record highs Tuesday after the tobacco company's Zyn brand reported soaring demand.

Key Takeaways Philip Morris International shares climbed to a record high Tuesday after the tobacco giant reported better-than-expected quarterly results.Shipments of the company's nicotine pouches and heated tobacco devices surged,

Following the strong results PM stock is up 8% as of midday trading and making new all-time highs. But this is not yet a stock that is running away and is still attractive at current levels. Philip Morris International still enjoys a reasonable valuation, strong growth catalysts, a hefty dividend yield and a Zacks Rank #2 (Buy) rating.