Femsa price target raised to $105 from $103 at Barclays

Barclays analyst Benjamin Theurer raised the firm’s price target on Femsa to $105 from $103 and keeps an Equal Weight rating on the shares. The analyst updated models for all covered consumer stocks in Mexico post the Q1 results. While prospects for the group screen favorable, given a fairly resilient Mexican consumer, there is only limited stock price appreciation potential, the analyst tells investors in a research note.