Femsa price target raised to $102 from $99 at Barclays

Barclays raised the firm’s price target on Femsa (FMX) to $102 from $99 and keeps an Equal Weight rating on the shares. With “no room left for Mexico and Canada,” U.S. tariffs are set to be implemented as soon as today, the analyst tells investors in a research note. The firm says “volatility and caution” on Mexican stocks is likely to prevail amid the U.S. tariffs. Barclays continues to prefer a “conservative basket” of bottlers and tortilla makers among Mexico consumer stocks.