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Bank of America Securities Reaffirms Their Hold Rating on Fomento Economico Mexicano (FMX)
Bank of America Securities analyst reiterated a Hold rating on Fomento Economico Mexicano today and set a price target of $125.00.
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In a report released today, Barclays also maintained a Hold rating on the stock with a $116.00 price target.
Based on Fomento Economico Mexicano’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $212.06 billion and a net profit of $2.38 billion. In comparison, last year the company earned a revenue of $204.05 billion and had a net profit of $6.12 billion
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