- Telsey Advisory Group analyst Cristina Fernandez maintained a Moderate Risk rating on Betterware de Mexico SAB De C.V. (NASDAQ:BWMX) and lowered the price target to $18 from $22.
- The analyst expects core Betterware sales to decline 25% Y/Y in Q2 as its lower-end consumer returns to normal activities and cuts discretionary spending in the face of low consumer confidence and high inflation.
- According to INEGI, consumer confidence in Mexico remains below 50 and Consumer Price Inflation (CPI) has accelerated year-to-date through June to 7.5% from 5.6% in 2021.
- However, Fernandez feels that Betterware’s business model remains attractive long-term and should return to growth in 2023 as the company is accelerating innovation, increasing incentives for associates and distributors, and changing its marketing strategies.
- Price Action: BWMX shares are trading lower by 0.20% at $9.99 on the last check Monday.
Comcast Says In Q3 2023, Amended Agreements With Walt Disney, Certain Of Its Units Regarding Ownership Interest In Hulu And Related Put, Call Provisions
- SEC FilingHulu and Collateralized ObligationIn the third quarter of 2023, we amended our agreements with The Walt Disney Company and certain of its subsidiaries regarding our ownership interest in Hulu and the related
