Itau BBA double downgraded Grupo Bimbo (GRBMF) to Underperform from Outperform with a MXN 50 price target The company’s short-term challenges are not over and the stock’s valuation is “not so cheap,” the analyst tells investors in a research note.
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.