Scotiabank Lowers Becle Rating from Outperform to Sector Perform
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2025
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Scotiabank's Downgrade: Scotiabank has downgraded Becle from Outperform to Sector Perform.
Price Target Set: The new price target for Becle is set at MXN 32.
Analyst's Perspective: The analyst believes that the trading-call on Cuervo has "largely played out."
Market Focus Shift: There are now more attractive valuation-to-growth opportunities in the Latin American food and beverage sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
