America Movil price target raised to $24.30 from $23.20 at Goldman Sachs

Goldman Sachs raised the firm’s price target on America Movil (AMX) to $24.30 from $23.20 and keeps a Buy rating on the shares. Goldman still sees America Movil as a solid pick in the Latin America TMT sector, combining defensive characteristics with strong positioning in its key markets, which can continue to support improvement in profitability and cash generation, the analyst tells investors in a research note.