-
Citigroup Upgrades Coca-Cola Femsa Citing Valuation, Says 2017 Cost Outlook Remains Mixed
Wednesday, September 14, 2016 - 9:03am | 323Read More...Following the 12 percent correction since late July in Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE: KOF) shares, Citi’s Alexander Robarts believes the year-on-year Venezuela H2:16 EBITDA margin contraction and the persisting decline in Brazil volumes are mostly priced in. Robarts upgraded...
-
CCU Downgraded By Citi Due To Slow Sales
Monday, August 29, 2016 - 8:02am | 274Read More...Compania Cervecerias Unidas S.A. (ADR) (NYSE: CCU) is witnessing slower sales growth in Chile and Argentina, Citi’s Alexander Robarts said in a report. He downgraded the rating on the company from Buy to Neutral, while reducing the price target from $25.50 to $24.50. Accelerating growth...
-
Coca-Cola FEMSA Gets Third Downgrade Of 2016
Monday, July 25, 2016 - 8:57am | 437Read More...Citi has downgraded Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE: KOF) to Sell from Neutral on lower profit in Venezuela and a longer-than-expected CSD (carbonated soft drink) slump in Brazil. This is the third downgrade for Coca-Cola FEMSA this year. In January, Goldman Sachs downgraded the stock...
