Fomento Economico Mexicano (FMX) Receives a Hold from Barclays
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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Theurer covers the Consumer Defensive sector, focusing on stocks such as Archer Daniels Midland, Hormel Foods, and Ingredion. According to TipRanks, Theurer has an average return of 5.8% and a 56.44% success rate on recommended stocks.
In a report released on February 26, Bank of America Securities also reiterated a Hold rating on the stock with a $125.00 price target.
Based on Fomento Economico Mexicano’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $229.56 billion and a net profit of $8.52 billion. 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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