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Citi Reaffirms Their Buy Rating on Fomento Economico Mexicano (FMX)
Citi analyst Renata Cabral maintained a Buy rating on Fomento Economico Mexicano yesterday and set a price target of $139.00. The company’s shares closed yesterday at $129.30.
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According to TipRanks, Cabral is ranked #9166 out of 12296 analysts.
Currently, the analyst consensus on Fomento Economico Mexicano is a Moderate Buy with an average price target of $130.80.
Based on Fomento Economico Mexicano’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $11.83 billion and a net profit of $844.31 million. In comparison, last year the company earned a revenue of $9.48 billion and had a net profit of $281.45 million
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