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Common BUY Fundamental research indicates a 22% upside in the common stock over the next 6-24 months. We
Direct
have access
calculated to theprice
the target fullbased
report free of charge
on fundamental at a weighted average of target
factors, using
Stock http://www.iirgroup.com/researchoracle/viewreport/show/20219
prices obtained using DCF and comparative valuation methodologies.
Ticker: HOMEX.MX
Target price: MXN121.01
Current price: MXN99.321 We reiterate the common stock a BUY with a 6-24 month target price of MXN121.01.
ADR BUY The ADR is expected to appreciate approximately 22% over the next 6-24 months, in line with our
fundamental upside. We have changed our investment horizon from medium term to long term as we
no longer anticipate a significant currency impact on the ADR over the medium term2.
Ticker: HXM
Target price: US$69.81
Current price: US$57.301 We reiterate the ADR (1 ADR = 6 common shares) a BUY with a 6-24 month target price of US$69.81.