Itau BBA Upgrades El Puerto de Liverpool (ELPQF) to Outperform, Sets PT at MXN 195

On Wednesday, El Puerto de Liverpool (OTC:ELPQF) received an upgrade from Itau BBA. The firm upgraded El Puerto’s rating from Market Perform to Outperform, with a price target of MXN 195. This upgrade reflects a positive outlook on the company’s future performance.

Itau BBA Upgrades El Puerto de Liverpool (ELPQF) to Outperform, Sets PT at MXN 195

A woman in a retail store trying out a product, showcasing the retail colocation of the company.

The company released its Q1 2025 key business developments on April 25, 2025. El Puerto reported a revenue of MXN 45.5 billion in Q1 2025, which represented a 10.4% year-over-year increase. This was driven by all of the company’s segments: retail revenue increased by 9.5%, financial services revenue by 16.8%, and real estate revenue by 14.3%. Specifically, Liverpool sales grew by 7.9%, and Suburbia’s same-store sales increased by 7.3%. 6 new Liverpool express units and 1 new Suburbia store were also opened.

El Puerto’s omnichannel strategy is proving effective, with total Gross Merchandise Volume/GMV growing by 15.8% year-over-year, and significant digital growth in both Liverpool and Suburbia. Liverpool’s digital sales now account for 28.7% of its total sales, while Suburbia’s digital share reached 6.2%. The company also saw a 6.5% rise in customer traffic and a 1.4% increase in average transaction value.

El Puerto de Liverpool (OTC:ELPQF) operates a chain of department stores primarily in Mexico. It operates through Liverpool Commercial, Suburbia Commercial, Real Estate, and Credit segments.

While we acknowledge the potential of ELPQF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ELPQF and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.