Femsa downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Benjamin Theurer downgraded Femsa to Equal Weight from Overweight with a price target of $100, up from $88. The analyst is taking a "more neutral view" on the shares, seeing more limited upside potential after the recent "unlocking value event." The recent share rally has narrowed Femsa’s applied discount, the analyst tells investors in a research note.