HSBC Downgrades Wal-Mart de Mexico Shares Following 13F Filing
1 report, 1 independent
Updated Thu 00:00
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What happened
Wal-Mart de Mexico filed a Form 13F with the SEC. Following this filing, HSBC downgraded shares of Wal-Mart de Mexico SAB de CV to a "reduce" rating and set a $42.00 price objective. The company recently reported quarterly revenue of $14.43 billion and $0.37 EPS, exceeding analyst estimates.
From dailypolitical.com
Why it matters
The downgrade by HSBC suggests a shift in institutional outlook on Wal-Mart de Mexico, despite the company reporting strong quarterly financial results. The stock also saw a large drop in short interest during September.
From dailypolitical.com
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Related events
- Carrier Global Corporation filed a Form 13F report with the SEC on August 25, 2026.
- Match Group was listed on the electronic stock exchange and required to file Form 13F filings.
- American Express filed Form 13F with the SEC regarding its company holdings.
- BBB Foods, a discount grocer in Mexico, filed required disclosures with the SEC.
- Tanager Wealth Management LLP filed a Form 13F with the SEC detailing an increased stake in the BondBloxx BBB Rated 1-5 Year Corporate Bond ETF.