Grupo Televisa drops 6.5% as JPMorgan Chase downgrades

• Grupo Televisa (NYSE:TV) is down 6.5% out of the open as JPMorgan Chase downgrades the stock to Neutral.
• The firm had upgraded Televisa from Neutral to Overweight on May 7, with a $42 target. Shares are trading currently at $35.84.
• Recently, Citigroup had upgrades shares to Buy as well. A consensus price target of $40.50 implies more than 10% upside at the moment.
• Previously: As Univision pursues IPO, Televisa firms its partnership (Jul. 02 2015)