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Fly News Breaks for January 20, 2017
FMX
Jan 20, 2017 | 06:14 EDT
JPMorgan analyst Pedro Leduc downgraded FEMSA to Neutral saying the company's high North Mexico exposure brings midterm uncertainty given the region's high trade/manufacturing link with the U.S. Since the U.S. election, several carmakers have delayed or canceled plans to move capacity to Mexico, the analyst points out. He cut his price target for FEMSA shares to $79 from $110.