BofA Downgrades Companies with Exposure to MexicoBala Murali Krishna
American companies with Mexico exposure across various industries could get hit by Trump.
It’s not the Mexican peso – which tanked 8% on Wednesday – alone that is facing the brunt of the Trump victory in the presidential race. Companies with significant business in Mexico are souring, too.
Bank of America Merrill Lynch hit a clutch of auto parts makers led by Delphi (DLPH) with downgrades, besides lowering Constellation Brands (STZ) and Kansas City Southern (KSU).
“Given the election results, and greater risk . . .
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