Coca-Cola Femsa price target lowered to $99 from $108 at Barclays

Barclays lowered the firm’s price target on Coca-Cola Femsa (KOF) to $99 from $108 and keeps an Overweight rating on the shares. The firm remains cautious on the Mexico consumer group “for now,” but sees attractive fundamentals across the sector. Low valuations driven by higher risk premiums are explained by continued noise from President-elect Trump on Mexico and Canada, the analyst tells investors in a research note.