Wall Street Zen Upgrades Coca Cola Femsa to Strong-Buy

Coca Cola Femsa (NYSE:KOF) has been upgraded to strong-buy by equities research analysts at Wall Street Zen, from a previous 'buy' rating. This upgrade comes as part of various analyst revisions in recent weeks. For instance, HSBC reissued a 'hold' rating with a $116 price target on July 28th. Barclays increased their target price for KOF to $122, but assigned an 'equal weight' rating.

JPMorgan Chase & Co boosted their target price from $114 to $127 and gave the stock a 'neutral' rating. UBS Group also upped its target price from $110 to $113 with a 'neutral' rating. Despite these upgrades, the company currently has an average rating of 'hold' from various analysts.

The current market cap for Coca Cola Femsa is around $185 billion, with a P/E ratio of 17.40 and a beta of 0.52. The firm's product portfolio includes carbonated soft drinks, bottled water, juices, ready-to-drink teas and coffees, sports and energy drinks.