America Movil shares are trading lower after Scotiabank lowered its price target on the stock from $18.9 to $17.8.
Portfolio Pulse from Benzinga Newsdesk
America Movil shares declined following Scotiabank's decision to lower its price target from $18.9 to $17.8.
September 20, 2024 | 6:44 pm
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America Movil's stock price is under pressure after Scotiabank reduced its price target from $18.9 to $17.8, indicating a less optimistic outlook.
The reduction in the price target by Scotiabank suggests a less favorable view on America Movil's future performance, which typically leads to a negative impact on the stock price as investors adjust their expectations.
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