Fomento Economico Mexicano (FMX) Receives a Buy from UBS
In a report released today, Rodrigo Alcantara from UBS assigned a Buy rating to Fomento Economico Mexicano, with a price target of $122.00.
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According to TipRanks, Alcantara is a 3-star analyst with an average return of 6.8% and a 72.73% success rate. Alcantara covers the Consumer Defensive sector, focusing on stocks such as Fomento Economico Mexicano, Coca Cola Femsa SAB De CV, and BBB Foods, Inc. Class A.
In addition to UBS, Fomento Economico Mexicano also received a Buy from TipRanks – xAI’s xAi Beverages – Alcoholic in a report issued on March 3. However, on the same day, TipRanks – DeepSeek reiterated a Hold rating on Fomento Economico Mexicano (NYSE: FMX).
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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