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Wal-Mart de Mexico downgraded to Sector Perform from Outperform at Scotiabank

Scotiabank downgraded Wal-Mart de Mexico (WMMVY) to Sector Perform from Outperform with a price target of MXN 62, down from MXN 70. The firm believes further patience is required by investors following the company’s disappointing Q2 report.

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