BBB Foods price target raised to $39 from $35.50 at JPMorgan

JPMorgan raised the firm’s price target on BBB Foods (TBBB) to $39 from $35.50 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the Mexican retail sector. The firm believes trends are likely to be weaker in Q3 compared to Q2. It reiterates BBB Foods as its top pick in the retail sector.