Goldman Sachs Maintains Buy on America Movil, Lowers Price Target to $20.8
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Vitor Tomita maintains a Buy rating on America Movil (NYSE:AMX) but lowers the price target from $21 to $20.8.
October 14, 2024 | 4:10 pm
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Goldman Sachs has maintained its Buy rating on America Movil but slightly lowered the price target from $21 to $20.8, indicating a minor adjustment in expected valuation.
The maintenance of a Buy rating suggests continued confidence in America Movil's performance, but the slight reduction in the price target indicates a minor adjustment in expected valuation. This could lead to a neutral short-term impact on the stock price as the overall positive sentiment is tempered by the lowered target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100