tiprankstipranks
Femsa price target raised to $77 from $58 at HSBC
The Fly

Femsa price target raised to $77 from $58 at HSBC

HSBC analyst Carlos Laboy raised the firm’s price target on Femsa to $77 from $58 and keeps a Reduce rating on the shares. The company’s "conglomerate board deploys capital poorly and still puts divisional control ahead of value creation and growth," the analyst tells investors in a research note. The firm believes the Heineken share sale announcement "has some good news" but does not fix Femsa’s "root problems."

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on FMX:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles