http://new.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Fri, 16 Oct 2026 04:21:35 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://new.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/Upgrades/JPMorgan+Upgrades+Fomento+Economico+Mexicano+%28FMX%29+to+Overweight/27194881.html <p>JPMorgan analyst Joseph Giordano upgraded Fomento Economico Mexicano (NYSE: FMX) from Neutral to Overweight with a price target of $151.00 (from $126.00).</p><p>The analyst comments: “FEMSA’s equity story has improved on three key fronts: 1) better than anticipated earnings momentum; 2) more minority friendly and disciplined capital allocation with improved disclosure, with a 6% dividend yield adding downside support; and 3) good operating trends in a challenging Mexican consumption backdrop supporting the view that Oxxo’s valuation deserves to be benchmarked against global c-store peers rather than only Mexican food retail, granting a material valuation premium. The stock has re-rated, but we http://www.streetinsider.com/Upgrades/JPMorgan+Upgrades+Fomento+Economico+Mexicano+%28FMX%29+to+Overweight/27194881.html Fri, 16 Oct 2026 04:21:35 -0400 FMX http://www.streetinsider.com/Analyst+Comments/JPMorgan+Upgrades+Fomento+Economico+Mexicano+%28FMX%29+to+Overweight/27194881.html <p>JPMorgan analyst Joseph Giordano upgraded Fomento Economico Mexicano (NYSE: FMX) from Neutral to Overweight with a price target of $151.00 (from $126.00).</p><p>The analyst comments: “FEMSA’s equity story has improved on three key fronts: 1) better than anticipated earnings momentum; 2) more minority friendly and disciplined capital allocation with improved disclosure, with a 6% dividend yield adding downside support; and 3) good operating trends in a challenging Mexican consumption backdrop supporting the view that Oxxo’s valuation deserves to be benchmarked against global c-store peers rather than only Mexican food retail, granting a material valuation premium. The stock has re-rated, but we http://www.streetinsider.com/Analyst+Comments/JPMorgan+Upgrades+Fomento+Economico+Mexicano+%28FMX%29+to+Overweight/27194881.html Fri, 16 Oct 2026 04:21:35 -0400 FMX http://www.streetinsider.com/Intl+Ratings/JPMorgan+Upgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Overweight/27194850.html <p>JPMorgan analyst Joseph Giordano upgraded Fomento Economico Mexicano (FEMSAUBD:MX) (NYSE: FMX) from Neutral to Overweight with a price target of Peso271.00 (from Peso219.00).</p><p>The analyst comments: “FEMSA’s equity story has improved on three key fronts: 1) better than anticipated earnings momentum; 2) more minority friendly and disciplined capital allocation with improved disclosure, with a 6% dividend yield adding downside support; and 3) good operating trends in a challenging Mexican consumption backdrop supporting the view that Oxxo’s valuation deserves to be benchmarked against global c-store peers rather than only Mexican food retail, granting a material valuation premium. The stock has re-rated, but http://www.streetinsider.com/Intl+Ratings/JPMorgan+Upgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Overweight/27194850.html Fri, 16 Oct 2026 03:56:51 -0400 FMX http://www.streetinsider.com/Upgrades/JPMorgan+Upgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Overweight/27194850.html <p>JPMorgan analyst Joseph Giordano upgraded Fomento Economico Mexicano (FEMSAUBD:MX) (NYSE: FMX) from Neutral to Overweight with a price target of Peso271.00 (from Peso219.00).</p><p>The analyst comments: “FEMSA’s equity story has improved on three key fronts: 1) better than anticipated earnings momentum; 2) more minority friendly and disciplined capital allocation with improved disclosure, with a 6% dividend yield adding downside support; and 3) good operating trends in a challenging Mexican consumption backdrop supporting the view that Oxxo’s valuation deserves to be benchmarked against global c-store peers rather than only Mexican food retail, granting a material valuation premium. The stock has re-rated, but http://www.streetinsider.com/Upgrades/JPMorgan+Upgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Overweight/27194850.html Fri, 16 Oct 2026 03:56:51 -0400 FMX http://www.streetinsider.com/Analyst+Comments/JPMorgan+Upgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Overweight/27194850.html <p>JPMorgan analyst Joseph Giordano upgraded Fomento Economico Mexicano (FEMSAUBD:MX) (NYSE: FMX) from Neutral to Overweight with a price target of Peso271.00 (from Peso219.00).</p><p>The analyst comments: “FEMSA’s equity story has improved on three key fronts: 1) better than anticipated earnings momentum; 2) more minority friendly and disciplined capital allocation with improved disclosure, with a 6% dividend yield adding downside support; and 3) good operating trends in a challenging Mexican consumption backdrop supporting the view that Oxxo’s valuation deserves to be benchmarked against global c-store peers rather than only Mexican food retail, granting a material valuation premium. The stock has re-rated, but http://www.streetinsider.com/Analyst+Comments/JPMorgan+Upgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Overweight/27194850.html Fri, 16 Oct 2026 03:56:51 -0400 FMX http://www.streetinsider.com/Intl+Ratings/JPMorgan+Upgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Overweight/27194850.html <p>JPMorgan analyst Joseph Giordano upgraded Fomento Economico Mexicano (FEMSAUBD:MX) (NYSE: FMX) from Neutral to Overweight with a price target of Peso271.00 (from Peso219.00).</p><p>The analyst comments: “FEMSA’s equity story has improved on three key fronts: 1) better than anticipated earnings momentum; 2) more minority friendly and disciplined capital allocation with improved disclosure, with a 6% dividend yield adding downside support; and 3) good operating trends in a challenging Mexican consumption backdrop supporting the view that Oxxo’s valuation deserves to be benchmarked against global c-store peers rather than only Mexican food retail, granting a material valuation premium. The stock has re-rated, but http://www.streetinsider.com/Intl+Ratings/JPMorgan+Upgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Overweight/27194850.html Fri, 16 Oct 2026 03:56:51 -0400 FMX http://www.streetinsider.com/Upgrades/JPMorgan+Upgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Overweight/27194850.html <p>JPMorgan analyst Joseph Giordano upgraded Fomento Economico Mexicano (FEMSAUBD:MX) (NYSE: FMX) from Neutral to Overweight with a price target of Peso271.00 (from Peso219.00).</p><p>The analyst comments: “FEMSA’s equity story has improved on three key fronts: 1) better than anticipated earnings momentum; 2) more minority friendly and disciplined capital allocation with improved disclosure, with a 6% dividend yield adding downside support; and 3) good operating trends in a challenging Mexican consumption backdrop supporting the view that Oxxo’s valuation deserves to be benchmarked against global c-store peers rather than only Mexican food retail, granting a material valuation premium. The stock has re-rated, but http://www.streetinsider.com/Upgrades/JPMorgan+Upgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Overweight/27194850.html Fri, 16 Oct 2026 03:56:51 -0400 FMX http://www.streetinsider.com/Analyst+Comments/JPMorgan+Upgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Overweight/27194850.html <p>JPMorgan analyst Joseph Giordano upgraded Fomento Economico Mexicano (FEMSAUBD:MX) (NYSE: FMX) from Neutral to Overweight with a price target of Peso271.00 (from Peso219.00).</p><p>The analyst comments: “FEMSA’s equity story has improved on three key fronts: 1) better than anticipated earnings momentum; 2) more minority friendly and disciplined capital allocation with improved disclosure, with a 6% dividend yield adding downside support; and 3) good operating trends in a challenging Mexican consumption backdrop supporting the view that Oxxo’s valuation deserves to be benchmarked against global c-store peers rather than only Mexican food retail, granting a material valuation premium. The stock has re-rated, but http://www.streetinsider.com/Analyst+Comments/JPMorgan+Upgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Overweight/27194850.html Fri, 16 Oct 2026 03:56:51 -0400 FMX http://www.streetinsider.com/Press+Releases/FEMSA+Schedules+Conference+Call+to+Discuss+Third+Quarter+Financial+Results/27137599.html <p align="justify">MONTERREY, Mexico, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its Third Quarter Conference Call that will be held on:</p> <p align="center"><strong>Wednesday, October 28, 2026</strong><br/><strong>11:00 AM Eastern Time</strong><br/><strong>(9:00 AM Mexico City Time)</strong></p> <p align="center"><strong>To participate in the conference call please register at the following link:</strong></p> <p align="center"><a target="_blank" href="https://www.globenewswire.com/Tracker?data=fZ7f_64kG5dXfCp-Affhqwg4PRpHO7ChucEomSWtZu7zqqq5bAPgX54hgqNU-izu2-ufiZ8v0wi6yzyquGCKWBebDxzjadYAiAztcjZECKIf3bFmVHmqdkZUQktHH_wnYQDYuq5nfP8TEzB0h-O4e9FTRwl6W8T6Wwtu7BGR5Oib4QKIJ8JV2GckuixrsavclSgfzx4hTfiHxZtjFjZ09g==" rel="nofollow" target="_blank"><strong>Registration: FEMSA Conference Call | 3Q26</strong></a></p> <p align="justify">The quarterly results will be released on October 28 before markets open.</p> <p align="justify">The http://www.streetinsider.com/Press+Releases/FEMSA+Schedules+Conference+Call+to+Discuss+Third+Quarter+Financial+Results/27137599.html Thu, 01 Oct 2026 18:58:00 -0400 FMX http://www.streetinsider.com/Globe+Newswire/FEMSA+Schedules+Conference+Call+to+Discuss+Third+Quarter+Financial+Results/27137599.html <p align="justify">MONTERREY, Mexico, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its Third Quarter Conference Call that will be held on:</p> <p align="center"><strong>Wednesday, October 28, 2026</strong><br/><strong>11:00 AM Eastern Time</strong><br/><strong>(9:00 AM Mexico City Time)</strong></p> <p align="center"><strong>To participate in the conference call please register at the following link:</strong></p> <p align="center"><a target="_blank" href="https://www.globenewswire.com/Tracker?data=fZ7f_64kG5dXfCp-Affhqwg4PRpHO7ChucEomSWtZu7zqqq5bAPgX54hgqNU-izu2-ufiZ8v0wi6yzyquGCKWBebDxzjadYAiAztcjZECKIf3bFmVHmqdkZUQktHH_wnYQDYuq5nfP8TEzB0h-O4e9FTRwl6W8T6Wwtu7BGR5Oib4QKIJ8JV2GckuixrsavclSgfzx4hTfiHxZtjFjZ09g==" rel="nofollow" target="_blank"><strong>Registration: FEMSA Conference Call | 3Q26</strong></a></p> <p align="justify">The quarterly results will be released on October 28 before markets open.</p> <p align="justify">The http://www.streetinsider.com/Globe+Newswire/FEMSA+Schedules+Conference+Call+to+Discuss+Third+Quarter+Financial+Results/27137599.html Thu, 01 Oct 2026 18:58:00 -0400 FMX http://www.streetinsider.com/Analyst+PT+Change/Fomento+Economico+Mexicano+%28FMX%29+PT+Lowered+to+%24130+at+UBS/27132832.html UBS lowered its price target on Fomento Economico Mexicano (NYSE: FMX) to $130.00 (from $139.00) while maintaining a Neutral rating. http://www.streetinsider.com/Analyst+PT+Change/Fomento+Economico+Mexicano+%28FMX%29+PT+Lowered+to+%24130+at+UBS/27132832.html Thu, 01 Oct 2026 09:10:58 -0400 FMX http://www.streetinsider.com/Corporate+News/FEMSA+issues+CHF+300+million+in+Swiss+bond+market/27097434.html <p>Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX), known as FEMSA, announced the placement of CHF $300 million in five-year senior unsecured bonds in the Swiss bond market, to be listed on SIX Swiss Exchange.</p><p>The bonds carry an annual interest rate of 107 basis points over the relevant benchmark rate, resulting in a yield of 1.73%. The issuance received credit ratings of BBB+ from S&P Global Ratings and A from Fitch Ratings.</p><p>According to a press release from the Monterrey, Mexico-based company, proceeds will be used for general corporate purposes. FEMSA operates across retail and beverage sectors in 18 countries and http://www.streetinsider.com/Corporate+News/FEMSA+issues+CHF+300+million+in+Swiss+bond+market/27097434.html Wed, 23 Sep 2026 17:18:48 -0400 FMX http://www.streetinsider.com/Press+Releases/FEMSA+Announces+Successful+Issuance+in+the+Swiss+Bond+Market/27097426.html <p align="justify">MONTERREY, Mexico, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced the placement of a Swiss Franc denominated offering of Senior Unsecured Bonds in the Swiss bond market, to be listed on SIX Swiss Exchange.</p> <p align="justify">FEMSA successfully issued CHF $300 million in a 5-year senior unsecured bonds. The bonds will bear interest at an annual rate of 107 basis points over the relevant benchmark rate, for a yield of 1.73%.</p> <p align="left">The issuance received credit ratings of BBB+ from S&amp;P Global http://www.streetinsider.com/Press+Releases/FEMSA+Announces+Successful+Issuance+in+the+Swiss+Bond+Market/27097426.html Wed, 23 Sep 2026 17:17:00 -0400 FMX http://www.streetinsider.com/Globe+Newswire/FEMSA+Announces+Successful+Issuance+in+the+Swiss+Bond+Market/27097426.html <p align="justify">MONTERREY, Mexico, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced the placement of a Swiss Franc denominated offering of Senior Unsecured Bonds in the Swiss bond market, to be listed on SIX Swiss Exchange.</p> <p align="justify">FEMSA successfully issued CHF $300 million in a 5-year senior unsecured bonds. The bonds will bear interest at an annual rate of 107 basis points over the relevant benchmark rate, for a yield of 1.73%.</p> <p align="left">The issuance received credit ratings of BBB+ from S&amp;P Global http://www.streetinsider.com/Globe+Newswire/FEMSA+Announces+Successful+Issuance+in+the+Swiss+Bond+Market/27097426.html Wed, 23 Sep 2026 17:17:00 -0400 FMX http://www.streetinsider.com/Stock+Buybacks/FEMSA+enters+%24280+million+accelerated+share+repurchase+agreement/27056324.html <p>Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB), known as FEMSA, announced it has entered into an accelerated share repurchase (ASR) agreement with a U.S. financial institution to buy back up to $280 million of its American Depositary Shares (ADS).</p> <p>The final number of ADS repurchased will be determined by the daily volume-weighted average ADS price during the agreement term, less a discount, and is subject to market conditions and the agreement's terms and conditions. Final settlement is expected before the end of 2026.</p> <p>The company said the agreement is consistent with its capital allocation framework and its commitment http://www.streetinsider.com/Stock+Buybacks/FEMSA+enters+%24280+million+accelerated+share+repurchase+agreement/27056324.html Mon, 14 Sep 2026 09:02:38 -0400 FMX http://www.streetinsider.com/Press+Releases/FEMSA+Announces+Accelerated+Share+Repurchase+Agreement/27056320.html <p align="justify">MONTERREY, Mexico, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced that, as part of its ongoing efforts and consistent with its capital allocation framework and commitment to enhance capital returns to shareholders, it has entered into a new derivative instrument known as an accelerated share repurchase (“ASR”) agreement with a financial institution in the United States of America to repurchase Company’s shares through the acquisition of American Depositary Shares (“ADS”). Under the terms of the ASR agreement, FEMSA has agreed to repurchase http://www.streetinsider.com/Press+Releases/FEMSA+Announces+Accelerated+Share+Repurchase+Agreement/27056320.html Mon, 14 Sep 2026 09:02:00 -0400 FMX http://www.streetinsider.com/Globe+Newswire/FEMSA+Announces+Accelerated+Share+Repurchase+Agreement/27056320.html <p align="justify">MONTERREY, Mexico, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced that, as part of its ongoing efforts and consistent with its capital allocation framework and commitment to enhance capital returns to shareholders, it has entered into a new derivative instrument known as an accelerated share repurchase (“ASR”) agreement with a financial institution in the United States of America to repurchase Company’s shares through the acquisition of American Depositary Shares (“ADS”). Under the terms of the ASR agreement, FEMSA has agreed to repurchase http://www.streetinsider.com/Globe+Newswire/FEMSA+Announces+Accelerated+Share+Repurchase+Agreement/27056320.html Mon, 14 Sep 2026 09:02:00 -0400 FMX http://www.streetinsider.com/SEC+Filings/Form++4++++++++++MEXICAN+ECONOMIC+DEVELOP++For%3A+Aug+11++Filed+by%3A+KAHN+MICHAEL+DAVID/26914764.html si-local-file:///var/storage/secattach/20260812/26914764.html http://www.streetinsider.com/SEC+Filings/Form++4++++++++++MEXICAN+ECONOMIC+DEVELOP++For%3A+Aug+11++Filed+by%3A+KAHN+MICHAEL+DAVID/26914764.html Wed, 12 Aug 2026 19:12:00 -0400 FEMSAB FMX O.00653179 http://www.streetinsider.com/SEC+Filings/Form++4++++++++++MEXICAN+ECONOMIC+DEVELOP++For%3A+Aug+11++Filed+by%3A+KAHN+MICHAEL+DAVID/26914764.html si-local-file:///var/storage/secattach/20260812/26914764.html http://www.streetinsider.com/SEC+Filings/Form++4++++++++++MEXICAN+ECONOMIC+DEVELOP++For%3A+Aug+11++Filed+by%3A+KAHN+MICHAEL+DAVID/26914764.html Wed, 12 Aug 2026 19:12:00 -0400 FEMSAB FMX O.00653179 http://www.streetinsider.com/SEC+Filings/Form++4++++++++++MEXICAN+ECONOMIC+DEVELOP++For%3A+Aug+11++Filed+by%3A+KAHN+MICHAEL+DAVID/26914764.html si-local-file:///var/storage/secattach/20260812/26914764.html http://www.streetinsider.com/SEC+Filings/Form++4++++++++++MEXICAN+ECONOMIC+DEVELOP++For%3A+Aug+11++Filed+by%3A+KAHN+MICHAEL+DAVID/26914764.html Wed, 12 Aug 2026 19:12:00 -0400 FEMSAB FMX O.00653179 http://www.streetinsider.com/SEC+Filings/Form++3A++++++++MEXICAN+ECONOMIC+DEVELOP++For%3A+Mar+18++Filed+by%3A+Gil+Ortiz+Alejandro/26906130.html si-local-file:///var/storage/secattach/20260811/26906130.html http://www.streetinsider.com/SEC+Filings/Form++3A++++++++MEXICAN+ECONOMIC+DEVELOP++For%3A+Mar+18++Filed+by%3A+Gil+Ortiz+Alejandro/26906130.html Tue, 11 Aug 2026 16:22:00 -0400 FEMSAB FMX O.00653179 http://www.streetinsider.com/SEC+Filings/Form++3A++++++++MEXICAN+ECONOMIC+DEVELOP++For%3A+Mar+18++Filed+by%3A+Gil+Ortiz+Alejandro/26906130.html si-local-file:///var/storage/secattach/20260811/26906130.html http://www.streetinsider.com/SEC+Filings/Form++3A++++++++MEXICAN+ECONOMIC+DEVELOP++For%3A+Mar+18++Filed+by%3A+Gil+Ortiz+Alejandro/26906130.html Tue, 11 Aug 2026 16:22:00 -0400 FEMSAB FMX O.00653179 http://www.streetinsider.com/SEC+Filings/Form++3A++++++++MEXICAN+ECONOMIC+DEVELOP++For%3A+Mar+18++Filed+by%3A+Gil+Ortiz+Alejandro/26906130.html si-local-file:///var/storage/secattach/20260811/26906130.html http://www.streetinsider.com/SEC+Filings/Form++3A++++++++MEXICAN+ECONOMIC+DEVELOP++For%3A+Mar+18++Filed+by%3A+Gil+Ortiz+Alejandro/26906130.html Tue, 11 Aug 2026 16:22:00 -0400 FEMSAB FMX O.00653179 http://www.streetinsider.com/Intl+Ratings/UBS+Downgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Neutral/26876820.html <p>UBS analyst Rodrigo Alcantara downgraded Fomento Economico Mexicano (FEMSAUBD:MX) (NYSE: FMX) from Buy to Neutral with a price target of Peso240.00.</p><p>The analyst comments: “We downgrade FMX from Buy to Neutral while keeping our price targets unchanged at P$240 per share and US$139 per ADR. After delivering a nearly 40% total return over the past 12 months (roughly 2x the Mexican Index), we believe Oxxo’s implicit valuation (10.6x NTM EV/EBITDA vs. its 5-year average of 9.7x) has largely caught up with the quality of the underlying business. Current valuation implies roughly P $51.4bn of NTM EBITDA for FEMSA Retail, around 5% http://www.streetinsider.com/Intl+Ratings/UBS+Downgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Neutral/26876820.html Thu, 06 Aug 2026 02:23:11 -0400 FMX http://www.streetinsider.com/Downgrades/UBS+Downgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Neutral/26876820.html <p>UBS analyst Rodrigo Alcantara downgraded Fomento Economico Mexicano (FEMSAUBD:MX) (NYSE: FMX) from Buy to Neutral with a price target of Peso240.00.</p><p>The analyst comments: “We downgrade FMX from Buy to Neutral while keeping our price targets unchanged at P$240 per share and US$139 per ADR. After delivering a nearly 40% total return over the past 12 months (roughly 2x the Mexican Index), we believe Oxxo’s implicit valuation (10.6x NTM EV/EBITDA vs. its 5-year average of 9.7x) has largely caught up with the quality of the underlying business. Current valuation implies roughly P $51.4bn of NTM EBITDA for FEMSA Retail, around 5% http://www.streetinsider.com/Downgrades/UBS+Downgrades+Fomento+Economico+Mexicano++%28FEMSAUBD%3AMX%29+%28FMX%29+to+Neutral/26876820.html Thu, 06 Aug 2026 02:23:11 -0400 FMX