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Fly News Breaks for October 2, 2018
FMX
Oct 2, 2018 | 05:41 EDT
UBS analyst Alan Alanis upgraded Femsa to Buy and raised his price target for the shares to P222 from P188. The analyst believes the shares are not pricing in the potential expansion of Oxxo's return on invested capital, which he expects to be driven by improvement in its Gas and Pharma businesses.
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