HSBC Upgrades America Movil to Buy, Announces $21.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Madhvendra Singh has upgraded America Movil (NYSE:AMX) from Hold to Buy and announced a $21.5 price target.
October 20, 2023 | 9:02 am
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POSITIVE IMPACT
HSBC has upgraded America Movil from Hold to Buy, with a new price target of $21.5. This could potentially lead to an increase in the stock's price.
The upgrade from Hold to Buy by HSBC indicates a positive outlook for America Movil. The new price target of $21.5, if achieved, would represent a significant increase from the current price. This news is likely to be seen positively by investors, potentially leading to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100