Femsa price target lowered to $105 from $107 at Barclays

Barclays lowered the firm’s price target on Femsa (FMX) to $105 from $107 and keeps an Equal Weight rating on the shares. The Q3 results for the Mexico consumer names displayed a continuation of softer consumer trends as well as the emergence of higher financing costs and operating pressure, the analyst tells investors in a research note.