Citi downgraded El Puerto de Liverpool to Neutral from Buy with a MXN 125 price target. The analyst says market conditions are unfavorable to consumer discretionary stocks because the department store categories are "susceptible to purchase deferment." The firm recommends taking profits in the shares.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 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