Barclays Maintains Overweight on Fomento Economico, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Theurer maintains an Overweight rating on Fomento Economico (NYSE:FMX) but lowers the price target from $145 to $125.
October 14, 2024 | 2:17 pm
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Barclays has maintained its Overweight rating on Fomento Economico but has lowered the price target from $145 to $125, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in FMX's performance, but the lowered price target indicates a more cautious outlook, likely due to changing market conditions or company performance expectations. This could lead to a short-term negative impact on FMX's stock price as investors adjust their expectations.
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