Wal-Mart de México's fair value estimate has edged down to MX$58.77 from MX$61.04 as analysts trimmed their price targets on the Mexican retailer. HSBC moved to a Reduce rating with a MX$42 target, the low end of a recent MX$42 to MX$63 range, while Barclays kept an Equal Weight rating and cut its target to MX$56, citing margin resilience even as the Mexican consumer backdrop softened in the second quarter. Barclays also trimmed its target from MX$66 to MX$63 ahead of the quarter, pointing to softer consumption in Mexico. Alongside the fair value change, the model's revenue growth assumption slipped to 6.14% from 6.47%, net profit margin moved to 5.05% from 5.19%, and the future P/E rose to 24.36x from 23.87x.
Barclays PLCBarclays cut its Walmex price target to MX$56 (and earlier to MX$63), citing margin resilience amid softer Mexican consumption — an analyst action on a stock it covers, not a development for Barclays itself.
HSBC Holdings PLCHSBC moved to a Reduce rating with a MX$42 target on Walmex — an analyst call on a covered stock, not a development for HSBC itself.
Analyst price-target cuts (HSBC Reduce at MX$42, Barclays to MX$56) lowered Wal-Mart de Mexico's fair value to MX$58.77 from MX$61.04.
