Femsa price target lowered to $125 from $145 at Barclays

Barclays lowered the firm’s price target on Femsa to $125 from $145 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for Mexico equities. The new administration in Mexico needs to deliver effective pro-growth policies soon to restore investor confidence, as the recently approved judicial reform cast doubt on the country’s rule of law, the analyst tells investors in a research note.