Coca-Cola Femsa price target raised to $115 from $95 at Barclays

Barclays analyst Benjamin Theurer raised the firm’s price target on Coca-Cola Femsa to $115 from $95 and keeps an Overweight rating on the shares. The analyst expects improving consumer spending and stock performance for the Mexico consumer space in the first half of 2024. Historically, the group has performed better in election years, skewing towards discretionary, the analyst tells investors in a research note.