Scotiabank Maintains Sector Perform on America Movil, Lowers Price Target to $17.8
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andres Coello maintains a Sector Perform rating on America Movil (NYSE:AMX) but lowers the price target from $18.9 to $17.8.
September 20, 2024 | 2:29 pm
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Scotiabank has maintained its Sector Perform rating on America Movil but has lowered the price target from $18.9 to $17.8, indicating a more cautious outlook.
The lowering of the price target suggests a less optimistic view on America Movil's future performance, which could lead to a short-term negative impact on the stock price. Maintaining the Sector Perform rating indicates that the stock is expected to perform in line with the sector, but the reduced price target reflects potential challenges or lower growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100