UBS Upgrades America Movil to Buy, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Leonardo Olmos has upgraded America Movil (NYSE:AMX) from Neutral to Buy, but lowered the price target from $25 to $22.
October 04, 2023 | 9:34 am
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UBS has upgraded America Movil to Buy, indicating a positive outlook, but lowered the price target to $22, suggesting a potential downside.
The upgrade to Buy indicates that UBS sees potential in America Movil's stock, which could lead to an increase in demand and potentially a rise in the stock price. However, the lowering of the price target suggests that UBS believes the stock may be overvalued at its current price, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100