El Puerto de Liverpool downgraded to Underweight from Equal Weight at Barclays

Barclays analyst Benjamin Theurer downgraded El Puerto de Liverpool to Underweight from Equal Weight with a price target of MXN 120, up from MXN 110. The analyst expects improving consumer spending and stock performance for the Mexico consumer space in the first half of 2024. Historically, the group has performed better in election years, skewing towards discretionary, the analyst tells investors in a research note.