Barclays downgraded Wal-Mart de Mexico to Equal Weight from Overweight with a price target of MXN 75, up from MXN 74. 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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on WMMVY:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue