Citi downgraded Becle to Neutral from Buy with a price target of MXN 36, down from MXN 40. The analyst cites the stronger than expected peso and softening trends for tequila volumes in almost all geographies for the downgrade.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BCCLF: