Coca-Cola Femsa price target raised to $122 from $108 at HSBC

HSBC raised the firm’s price target on Coca-Cola Femsa to $122 from $108 and keeps a Buy rating on the shares. The digitally enabled market development capability of Coca-Cola Femsa keeps advancing and Oxxo’s outlook remains strong, the analyst tells investors in a research note. The firm says the company has a global leading market development benchmark operation in the Coke system and a growth model that could attract candidates.