BBB Foods price target raised to $31 from $26 at BofA

BofA raised the firm’s price target on BBB Foods to $31 from $26 and keeps a Buy rating on the shares after 3B reported sales and margins that beat expectations. The firm is lowering its 2024 EPS view to reflect Q1 forex losses and one-time expenses, though it is raising price target as it incorporates stronger operating leverage into its projections, the analyst tells investors.