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Fly News Breaks for June 18, 2018
KOF
Jun 18, 2018 | 06:16 EDT
JPMorgan analyst Lucas Ferreira downgraded Coca-Cola Femsa to Neutral and lowered his price target for the shares to $66 from $76. Marco headwinds in Brazil and Mexico could pressure the company's volumes and margin outlook in the coming quarters, Ferreira tells investors in a research note. The analyst views the current valuation as fair given the potential for downward earnings revisions.
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