July 26 (Reuters) - Moody's on European tobacco sector -

* Moody's: price hikes and cost cuts light a stable fire for european tobacco sector's outlook

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* Moody's says price hikes combined with stronger product mix and cost cuts will help European tobacco Co grow operating profits at 5.0 pct - 6.0 pct over next 12-18 months

* Moody's on European tobacco sector: in U.S. and Europe, price hikes, robust product mix and cost cutting will offset falling cigarette sales on operating profit growth

* Moody's on European tobacco sector: alternative products will continue to gain traction, but unlikely to make significant impact on operating profits

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* Moody's on European tobacco sector - Philip Morris International will benefit from both U.S. dollar weakness and currency stability in emerging markets where it generates around 50 percent of its operating income

* Moody's on European tobacco sector says cigarette consumption continues to increase in Middle East and Africa, but is declining in Russia Source: bit.ly/2uAd6ZF Further company coverage: