Scotiabank Maintains Sector Perform on America Movil, Lowers Price Target to $17.3
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 $17.8 to $17.3.
October 16, 2024 | 5:39 pm
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Scotiabank has maintained its Sector Perform rating on America Movil but has lowered the price target from $17.8 to $17.3, indicating a slightly less optimistic outlook.
The lowering of the price target by Scotiabank suggests a slightly less optimistic view on America Movil's future performance, which could lead to a short-term negative impact on the stock price. The maintenance of the Sector Perform rating indicates that the stock is expected to perform in line with the sector, but the reduced price target reflects some concerns or adjustments in expectations.
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IMPORTANCE 70
RELEVANCE 100