Itau BBA Downgrades Fomento Economico to Market Perform, Announces $127 Price Target
Portfolio Pulse from Benzinga Newsdesk
Itau BBA analyst Alejandro Fuchs has downgraded Fomento Economico (NYSE:FMX) from Outperform to Market Perform and set a price target of $127.
November 07, 2023 | 12:47 pm
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Fomento Economico has been downgraded by Itau BBA from Outperform to Market Perform, with a new price target of $127.
The downgrade from Outperform to Market Perform by Itau BBA indicates a less optimistic outlook for Fomento Economico. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $127 also provides a benchmark for investors.
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