Scotia Capital Maintains Sector Outperform on Coca-Cola FEMSA FEMSA

Scotia Capital is out with its report today on Coca-Cola FEMSA

, maintaining Sector Outperform. In its report, Scotia Capital writes, "KOF's new corporate structure will merge its Mexico and Central America divisions into a single reporting line, which will be headed by Mr. Ernesto Silva. We maintain our 1-SO recommendation on KOF with a US$120 per ADS one-year target price." Shares of KOF closed Friday at $93.92.