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Read Why This Analyst Remains Bullish On Mexico-Based Betterware

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·1 min read
In this article:
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  • Small Cap Consumer Research analyst Eric M. Beder has reiterated the Buy rating on Betterware de Mexico SAB De CV (NASDAQ: BWMX) with a price target of $30.

  • The analyst noted two key trends, newness and better pricing power, have continued to gain momentum and resonate with the July catalog.

  • The company offered more new SKUs (Stock Keeping Units) in July, Beder noted.

  • Also, Betterware’s level of overall and deep (30%+ off) discounting materially declined to almost a record low for 2022.

  • With the company’s management focusing on the second half as the period for return to record growth, Eric views the July catalog as a key step toward achieving the goal.

  • Price Action: BWMX shares are trading lower by 1.35% at $9.50 on the last check Monday.

Latest Ratings for BWMX

Date

Firm

Action

From

To

Feb 2022

Small Cap Consumer Research

Maintains

Buy

Oct 2021

Small Cap Consumer Research

Maintains

Buy

May 2021

Small Cap Consumer Research

Maintains

Buy

View More Analyst Ratings for BWMX

View the Latest Analyst Ratings

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