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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BCCLF: