Scotiabank downgraded Wal-Mart de Mexico to Sector Perform from Outperform with an MXN 85 price target. Walmex delivered sequentially lower growth in online sales in every quarter during 2022, the analyst tells investors in a research note. The firm now prefers Femsa as its top pick in the sector.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on WMMVY: