JPMorgan downgraded Arca Continental (EMBVF) to Neutral from Overweight with an unchanged price target of MXN 209. The analyst cites valuation for the downgrade and favors the Coca-Cola Femsa (KOF) at current share levels.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EMBVF: