Barclays Maintains Overweight on Fomento Economico, Lowers Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Theurer maintains an Overweight rating on Fomento Economico (NYSE:FMX) but lowers the price target from $160 to $145.
July 15, 2024 | 12:56 pm
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Barclays analyst Benjamin Theurer maintains an Overweight rating on Fomento Economico (NYSE:FMX) but lowers the price target from $160 to $145.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on FMX's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100