MEXICO: Analysts downgrade Modelo

By just-drinks.com editorial team | 30 January 2002

With pressure on margins likely to affect profit growth in 2002, BBVA Securities have downgraded Mexican brewer, Grupo Modelo, from buy to hold. BBVA said it expects earnings growth of 3% to $741.5 million at Modelo before interest, taxes, depreciation and amortization.

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With pressure on margins likely to affect profit growth in 2002, BBVA Securities have downgraded Mexican brewer, Grupo Modelo, from buy to hold. BBVA said it expects earnings growth of 3% to $741.5 million at Modelo before interest, taxes, depreciation and amortization.

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