In a report published Monday, Morgan Stanley analyst Michel Morin reiterated an Underweight rating and $19.00 price target on America Movil SAB de CV (ADR) AMX.
In the report, Morgan Stanley noted, “We cut our 2014-16 EPADR by 10-14% to reflect regulatory headwinds in Mexico. With the stock near our Bull Case, we find the risk-reward unattractive and reiterate our Underweight and $19 PT.”
America Movil SAB de CV closed on Friday at $26.32.
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