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Barclays Sticks to Their Hold Rating for Fomento Economico Mexicano (FMX)

Tipranks - Tipranks - Fri Apr 17, 4:39AM CDT

In a report released today, Benjamin Theurer from Barclays maintained a Hold rating on Fomento Economico Mexicano, with a price target of $118.00.

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According to TipRanks, Theurer is a 4-star analyst with an average return of 5.8% and a 54.44% success rate. Theurer covers the Consumer Defensive sector, focusing on stocks such as Archer Daniels Midland, Bunge Global, and Coca Cola Femsa SAB De CV.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fomento Economico Mexicano with a $124.60 average price target.

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Based on Fomento Economico Mexicano’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $472.83 million. In comparison, last year the company earned a revenue of $216.39 billion and had a net profit of $7.05 billion

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