JP Morgan Raises FMX Price Target to $151

JP Morgan has reiterated its Overweight rating on Fomento Económico Mexicano, setting a price target of $151.0, a 19.79% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 11:15 AM EDT · Updated Oct 16, 2026, 11:15 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

JP Morgan raised its price target on Fomento Económico Mexicano, S.A.B. de C.V. ($FMX) to $151 from $126 on October 16, 2026, and rates the stock "Overweight".

FMX Fomento Económico Mexicano, S.A.B. de C.V.

$126.46 +30.95% year to date

Daily close · Oct 16, 2026

Key Points

JP Morgan reiterated its Overweight rating on Fomento Económico Mexicano (FMX) on October 16, 2026, with a new price target of $151.0, up from $126.0.
JP Morgan's $151 price target implies 19.79% upside from Fomento Económico Mexicano, S.A.B. de C.V.'s ($FMX) current $126.06 share price.
As of October 16, FMX shares are trading around $126.06, which is about 16.5% below the new price target.
Fomento Económico Mexicano reported trailing twelve-month revenue of approximately $872.8 billion and is set to announce its next earnings on October 28, 2026.

Get $FMX trade alerts by text

We text you when insiders, Congress or big funds trade $FMX. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Fomento Económico Mexicano, S.A.B. de C.V. alert may contain errors. Disclosures

JP Morgan has reiterated its Overweight rating on Fomento Económico Mexicano, S.A.B. de C.V. (FMX) on October 16, 2026. The firm set a new price target of $151.0, increasing it from $126.0. This comes as FMX trades around $126.06, which is about 16.5% lower than the new target.

Analyst rating track record

JP Morgan vs. the S&P 500

YTD return -4.10% hypothetical

All-time return -4.10% S&P 500 +3.58%

vs. S&P 500 -7.68% behind the index

Hypothetical returns from JP Morgan's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Fomento Económico Mexicano

First Eagle Investment Management, LLC holds 13,008,276 shares of FMX, with a reported value of about $1.65 billion after increasing its position by 105,800 shares. Royal Bank of Canada has 6,248,348 shares valued at approximately $790.2 million, having added 29,849 shares. Harding Loevner LP reduced its stake by 175,103 shares, holding 5,383,731 shares worth about $680.8 million. FMR, LLC maintains 3,557,426 shares valued at $449.9 million, while Nuveen, LLC has 2,906,085 shares after cutting its position by 217,394 shares.

Fomento Económico Mexicano, S.A.B. de C.V. Stock Up 6.2%

Fomento Económico Mexicano shares are currently trading around $126.06. This is significant as it is below the new price target of $151.0 set by JP Morgan. The stock's performance will be closely watched, especially with the upcoming earnings announcement.

12-month forecast

$FMX price target

Fomento Económico Mexicano, S.A.B. de C.V. daily closes and this analyst's $151 target. Not advice.

Recent Earnings

Fomento Económico Mexicano reported trailing twelve-month revenue of approximately $872.8 billion, with a net margin of 3.6% and a return on equity of 14.7%. The next earnings report is scheduled for October 28, 2026.

Insider Buying and Selling at Fomento Económico Mexicano, S.A.B. de C.V.

On August 11, 2026, Director Michael David Kahn purchased 2,100 shares at an average price of $118.13, totaling about $248,073. This transaction occurred before the recent analyst updates.

Analysts Set New Price Targets

On October 16, 2026, JP Morgan maintained its Overweight rating on FMX with a new price target of $151.0. Earlier, Barclays kept an Equal-Weight rating with a target of $130.0, while B of A Securities upgraded its rating to Buy with a target of $150.0. UBS downgraded its rating to Neutral with a target of $139.0.

About Fomento Económico Mexicano

Fomento Económico Mexicano is a major franchise bottler of Coca-Cola beverages globally. The company operates in various segments, including Coca-Cola FEMSA and multiple divisions focused on health and fuel. It has a significant presence across Latin America, making it a key player in the beverage industry.

Bottom Line

Investors should keep an eye on the upcoming earnings report on October 28, 2026, for further insights into the company's performance. Additionally, further analyst ratings may provide more context on the stock's outlook.