UBS Upgrades Coca-Cola Femsa SAB de to Buy, Raises Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Rodrigo Alcantara has upgraded Coca-Cola Femsa SAB de (NYSE:KOF) from Neutral to Buy and increased the price target from $83 to $109, indicating a positive outlook on the company's stock.
January 12, 2024 | 2:06 pm
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Coca-Cola Femsa SAB de has been upgraded by UBS from Neutral to Buy, with a significant increase in price target from $83 to $109, suggesting a bullish stance on the stock.
The upgrade from Neutral to Buy by a major financial institution like UBS, accompanied by a substantial raise in the price target, is a strong positive signal to the market. This typically leads to increased investor confidence and can result in a short-term rise in the stock price as the market adjusts to the new information.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100