Barclays lowered the firm’s price target on Coca-Cola Femsa (KOF) to $108 from $110 and keeps an Overweight rating on the shares. Following the Q3 earnings, the firm tuned down price targets for the majority of its Mexico consumer coverage, driven by results and a new country risk premium. It stays optimistic on beverage demand and is still cautious on currency headwinds in South America and discretionary spending.
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Read More on KOF:
- Coca-Cola Femsa upgraded to Buy from Neutral at Citi
- Coca-Cola FEMSA Announces Robust Q3 2024 Growth
- Options Volatility and Implied Earnings Moves Today, October 25, 2024
- Coca Cola Femsa S.a.b. De C.v. (KOF) Q3 Earnings Cheat Sheet
- Coca Cola Femsa SAB De CV (KOF) Declares Q4 Dividend: Important Details for Shareholders
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