Fomento Economico Mexicano (FMX) Gets a Buy Rating from Barclays


In a report released yesterday, Benjamin Theurer from Barclays maintained a Buy rating on Fomento Economico Mexicano (FMX), with a price target of $100. The company’s shares closed yesterday at $92.76.

According to TipRanks.com, Theurer is a 3-star analyst with an average return of 4.0% and a 50.0% success rate. Theurer covers the Consumer Goods sector, focusing on stocks such as Kimberly-Clark de Mexico SAB de CV, Coca Cola Femsa SAB De CV, and Sanderson Farms.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fomento Economico Mexicano with a $100 average price target.

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The company has a one-year high of $101.12 and a one-year low of $80.86. Currently, Fomento Economico Mexicano has an average volume of 526K.

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Fomento Economico Mexicano SAB de CV engages in the production, distribution, and marketing of beverages. The firm also produces, markets, sells, and distributes Coca-Cola trademark beverages, including sparkling beverages.

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