Femsa price target raised to $103 from $100 at Barclays

Barclays analyst Benjamin Theurer raised the firm’s price target on Femsa to $103 from $100 and keeps an Equal Weight rating on the shares. A supportive macro environment has helped Mexico outperform peers, the analyst tells investors in a research note. The impact from a recession in the U.S. remains a risk to consider, but at least for the early part of the year "we still expect positive results," says the firm.