HSBC Upgrades Fomento Economico to Hold, Raises Price Target to $112
Portfolio Pulse from richadhand@benzinga.com
HSBC analyst Carlos Laboy has upgraded Fomento Economico (NYSE:FMX) from Reduce to Hold and raised the price target from $84 to $112.
June 07, 2023 | 8:52 am
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Fomento Economico (NYSE:FMX) has been upgraded by HSBC from Reduce to Hold, with a raised price target of $112.
The upgrade from Reduce to Hold by HSBC analyst Carlos Laboy indicates a more positive outlook on Fomento Economico's stock. The raised price target from $84 to $112 suggests that the analyst believes the stock has potential for growth in the short term. This news is likely to have a positive impact on FMX's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100