America Movil price target raised to $17.20 from $16.60 at Scotiabank

Scotiabank analyst Andres Coello raised the firm’s price target on America Movil to $17.20 from $16.60 and keeps a Sector Perform rating on the shares. Scotiabank’s current price target implies modest downside from current levels and the firm intends to stay on the sidelines for now, the analyst tells investors.