BofA Downgrades Companies with Exposure to Mexico – ValueWalk Premium
Mexico exposure

BofA Downgrades Companies with Exposure to Mexico

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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