Barclays Upgrades Fomento Economico to Overweight, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Theurer has upgraded Fomento Economico (NYSE:FMX) from Equal-Weight to Overweight and raised the price target from $115 to $130.
October 30, 2023 | 1:13 pm
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Fomento Economico has been upgraded to Overweight from Equal-Weight by Barclays, with a raised price target of $130, up from $115.
The upgrade from Barclays indicates a positive outlook for Fomento Economico. The raised price target suggests that the analyst believes the stock has potential for significant growth, which could lead to an increase in the stock's price in the short term.
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