Morgan Stanley raised target for Grupo Mexico stock to USD 13.11

Published on 10/13/2026 at 11:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley lifted its target from USD 12.28 to USD 13.11 on October 7, 2026. Grupo Mexico stock costs EUR 11.89 on October 13, 2026.

Key points in brief

Morgan Stanley raised its Grupo Mexico target from USD 12.28 to USD 13.11 on October 7, 2026, while keeping a Hold rating.
Grupo Mexico reported first-half 2026 revenue of USD 11.28 billion, up 34 percent year over year, with EBITDA of USD 6.85 billion.
The stock was at EUR 11.89 at Lang & Schwarz on October 13, 2026 at 11:34 a.m. CEST.
Grupo Mexico is listed on the BMV under ticker GMEXICOB and has a market capitalization of MXN 1.9 trillion.

FEMSA, MXP370841019, Illustration mit AI erstellt.

Grupo Mexico (ISIN MXP370841019) was at EUR 11.89 at Lang & Schwarz on October 13, 2026 at 11:34 a.m. CEST. Morgan Stanley had raised its target from USD 12.28 to USD 13.11 while keeping a Hold rating on October 7, 2026, according to Moomoo.

Three milestones shaped the year

On April 28, 2026, Grupo Mexico released first-quarter results with revenue of USD 5.57 billion, up 32.70 percent year over year, according to Frontier Market overview. The same report put first-quarter EBITDA at USD 3.31 billion, an increase of 49.60 percent.

On July 22, 2026, the company discussed first-half revenue of USD 11.28 billion, up 34 percent from the first half of 2025, and EBITDA of USD 6.85 billion, up 50 percent, in a transcript published by Yahoo Finance. On October 7, 2026, Morgan Stanley's target move became the latest dated analyst event.

What does the target change imply?

The USD 13.11 target is 6.76 percent above the previous USD 12.28 target, a material revision even though the rating stayed at Hold. The change gives investors a clear split between operating momentum and analyst caution: first-half EBITDA rose 50 percent, while the analyst stance remained neutral.

The earnings backdrop also carries a concentration risk. Mining sales reached USD 9.30 billion in the first half of 2026, up 40 percent year over year, while copper production fell 3 percent to more than 515,000 tons, according to Yahoo Finance. Higher metal prices, rather than stronger copper volumes alone, therefore remain central to the earnings comparison.

October 27 is the next date

Grupo Mexico's next earnings report is scheduled for October 27, 2026, according to TradingView. That report will show whether the first-half growth rates are carrying into the next reporting period.

The BMV share had a 52-week range of MXN 139.28 to MXN 243.90 as of October 12, 2026, placing the latest Mexican-market quote near its yearly high. The Lang & Schwarz euro quote and the BMV quote are separate venue observations.

The further course of trading is shown by the continuously updated real-time quote of Grupo Mexico stock.