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Wal-Mart de Mexico upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Wal-Mart de Mexico (WMMVY) to Overweight from Equal Weight. The firm told investors in a research note on Friday that low valuations driven by higher risk premiums are explained by continued noise from President- elect Trump on Mexico and Canada. Barclays remains cautious but sees attractive fundamentals across the sector.

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