Fomento Economico shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $115 to $130.
Portfolio Pulse from Benzinga Newsdesk
Barclays has upgraded Fomento Economico's stock from Equal-Weight to Overweight and raised its price target from $115 to $130. This has resulted in Fomento Economico's shares trading higher.
October 30, 2023 | 2:29 pm
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POSITIVE IMPACT
Fomento Economico's stock has been upgraded by Barclays from Equal-Weight to Overweight, with a price target increase from $115 to $130. This has led to a rise in the trading price of FMX shares.
The upgrade of Fomento Economico's stock by Barclays from Equal-Weight to Overweight, along with an increase in the price target, indicates a positive outlook for the company. This has led to an increase in the trading price of FMX shares, suggesting a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100