Citi initiated coverage of El Puerto de Liverpool with a Neutral rating and MXN 117 price target. The analyst initiated coverage of the Mexico retailers with Walmex as the top pick, followed by Kimberly Clark Mexico. The firm believes the consumer scenario in Mexico will remain favorable in 2024 as the benefits of real wage growth and the forecasted cut in interest rates will help shield consumers from decreases in purchasing power.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ELPQF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue