Becle price target raised to MXN 28 from MXN 26 at Barclays

Barclays raised the firm’s price target on Becle (BCCLF) to MXN 28 from MXN 26 and keeps an Equal Weight rating on the shares. The Q3 results for the Mexico consumer names displayed a continuation of softer consumer trends as well as the emergence of higher financing costs and operating pressure, the analyst tells investors in a research note.