Citi analyst Renata Cabral upgrades $Coca-Cola FEMSA (KOF.US)$ to a buy rating, and sets the target price at $102.
According to TipRanks data, the analyst has a success rate of 0.0% and a total average return of -24.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Coca-Cola FEMSA (KOF.US)$'s main analysts recently are as follows:
Following the Q3 earnings, there has been a general reduction in price targets for the majority of consumer coverage in Mexico, influenced by the results and a newly added country risk premium. Optimism remains for beverage demand, but there is a note of caution regarding currency headwinds in South America and discretionary spending.
Coca-Cola Femsa has maintained a robust operational performance in 2024, bolstered by significant contributions from Brazil and Mexico. The company reported the most impressive results among Mexican consumer names for the third quarter earnings season, showcasing a promising momentum as it heads into 2025.
Note:
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