Morgan Stanley Upgrades Fomento Economico To Overweight

Analysts at Morgan Stanley upgraded Fomento Economico Mexicano SAB (ADR) FMX from Equal-weight to Overweight. The price target for Fomento Economico is set to $106. Fomento Economico shares have dropped 1.67 percent over the past 52 weeks, while the S&P 500 index has surged 12.61 percent in the same period. Fomento Economico shares jumped 0.12 percent to close at $96.56 on Friday.