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Fomento Economico Mexicano S.a.b. De C.v. (FMX) [hlAlert]

Rating:
Overweight
FMX
up 97.48 %

Fomento Economico Mexicano S.a.b. De C.v. (FMX) upgraded to Overweight by HSBC Securities

Posted on: Tuesday,  Mar 2, 2010  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Fomento Economico Mexicano S.a.b. De C.v. (NYSE: FMX) on 03/02/2010, when the stock price was $44.50.
Since then, Fomento Economico Mexicano S.a.b. De C.v. has gained 97.48% as of 01/27/2016's recent price of $87.88.
If you would have followed this HSBC Securities's recommendation on FMX, you would have gained 97.48% of your investment in 2157 days.

FOMENTO ECO-ADR is Latin America's largest beverage company, exporting to the United States, Canada, and select countries in Europe, Asia, and Latin America. They are strategically comprised of and operates by means of the following subsidiaries: FEMSA Cerveza, Coca-Cola FEMSA, the largest bottler for The Coca-Cola Co. in Latin America, and the Strategic Businesses Division, which groups the packaging, retail and logistics operations, whose main objective is to offer competitive advantages to the beverage subsidiaries.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/2/2010 8:25 AM Buy
None
44.50
as of 12/31/2010
1 Week down  -2.65 %
1 Month down  -4.04 %
3 Months up  6.95 %
1 YTD up  21.93 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/5/2009 9:25 AM Hold
None
42.29
4/29/2008 8:25 AM Buy
None
43.91 51.00

(*) Stock Price at the time of the recommendation.
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