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Fly News Breaks for October 2, 2017
FMX
Oct 2, 2017 | 05:15 EDT
JPMorgan analyst Pedro Leduc upgraded Femsa to Overweight and raised his price target for the shares to $117 from $98. The analyst expects good Q3 results from the company, led by Oxxo stores, and says its implicit retail valuation is near historical lows. Femsa is Leduc's new top pick in Mexico Food & Beverages along with Gruma.
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