Citigroup Maintains Buy on Fomento Economico, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Sergio Matsumoto maintains a 'Buy' rating on Fomento Economico (NYSE:FMX) and raises the price target from $125 to $135.
August 17, 2023 | 1:38 pm
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POSITIVE IMPACT
Citigroup maintains a 'Buy' rating on Fomento Economico and raises the price target from $125 to $135, which could potentially increase investor confidence and drive the stock price up.
The raised price target by Citigroup indicates a positive outlook for Fomento Economico. This could potentially increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100