Arca Continental price target raised to MXN 200 from MXN 198 at Scotiabank

Scotiabank analyst Felipe Ucros raised the firm’s price target on Arca Continental to MXN 200 from MXN 198 and keeps an Outperform rating on the shares. Following Q4 conference calls, “two things became evident,” specifically bottlers were the only subsector to raise prices across regions with inflation and were the only subsector where volume trends were unscathed, the analyst tells investors.