Becle upgraded to Outperform from Market Perform at Bernstein

Bernstein analyst Nadine Sarwat upgraded Becle to Outperform from Market Perform with a MXN 46.30 price target. The analyst says the shares are now attractively priced. 71% of Cuervo’s global net sales come from tequila and in the U.S., the category has more room to grow, the analyst tells investors in a research note.