JP Morgan Downgrades Fomento Economico to Neutral, Raises Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Joseph Giordano has downgraded Fomento Economico (NYSE:FMX) from Overweight to Neutral, while raising the price target from $104 to $109.
September 23, 2024 | 12:42 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
JP Morgan has downgraded Fomento Economico from Overweight to Neutral, indicating a less bullish outlook. However, the price target has been raised to $109, suggesting some positive expectations.
The downgrade from Overweight to Neutral suggests a less optimistic view on FMX, which could lead to a neutral short-term impact on the stock price. However, the raised price target to $109 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100