Deutsche Bank Upgrades Coca-Cola Femsa (KOF) to Hold
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Deutsche Bank upgrades Coca-Cola Femsa (NYSE: KOF) to Hold.
Deutsche analyst says, "KOF is down 11% this year, and has underperformed the Mexico MSCI index by almost 25 points. While there were some valid reasons for this (that formed the basis for our previous Sell rating), we believe the stock's downside (and upside) are limited at current levels, assuming no substantial change in the macro outlook...Considering we recently updated our forecasts and no important newsflow merits a revision at this time, they are unchanged."
Coca-Cola FEMSA, S.A.B. de C.V. (Coca-Cola FEMSA) is a Coca-Cola bottler.
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