Morgan Stanley Downgrades Fomento Economico to "Equal-Weight," Lowering Price Target to $97

Morgan Stanley downgraded Fomento Economico (FMX) from "Overweight" to "Equal-Weight", lowering its price target from $132.00 to $97.00, a 26.52% decrease. Analyst Ricardo Alves cited a more cautious approach towards the company's market performance. FMX's average brokerage recommendation is 2.4, indicating "Outperform" status, and its estimated GF Value for one year is $136.35, suggesting a 59.83% upside from the current price.