Barclays Maintains Overweight on Fomento Economico, Lowers Price Target to $118
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Theurer maintains an Overweight rating on Fomento Economico (NYSE:FMX) but lowers the price target from $125 to $118.
October 30, 2024 | 6:01 pm
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Barclays analyst Benjamin Theurer maintains an Overweight rating on Fomento Economico (NYSE:FMX) but lowers the price target from $125 to $118.
The maintenance of an Overweight rating suggests continued confidence in FMX's performance, but the lowered price target indicates a more cautious outlook, potentially leading to a slight negative impact on the stock price.
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IMPORTANCE 80
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