JPMorgan downgraded Gruma to Neutral from Overweight with a MXN 350 price target. The analyst says the company’s sales growth is decelerating while its margin growth is priced into the stock.
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Read More on GPAGF:
- Gruma initiated with a Neutral at Citi
- Gruma price target raised to MXN 280 from MXN 270 at Barclays
- Gruma initiated with a Buy at Jefferies
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