Citi analyst Renata Cabral upgraded Coca-Cola Femsa (KOF) to Buy from Neutral with a price target of $102, up from $93. Femsa has been sustaining strong operational performance in 2024, boosted by both Brazil and Mexico, and reported the strongest results among the Mexican consumer names for the Q3 earnings season, “standing out with promising momentum heading into 2025,” the analyst tells investors.
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