UBS analyst Rodrigo Alcantara upgraded Femsa (FMX) to Buy from Neutral with a price target of $111, down from $115. The firm believes concerns about the structural risks to Oxxo’s growth and profitability are overstated. The analyst expects Oxxo’s operating trends to improve materially as macro conditions and the weather show early signs of stabilization.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FMX: