Alpek downgraded to Sector Perform from Outperform at Scotiabank

Scotiabank analyst Ben Isaacson downgraded Alpek to Sector Perform from Outperform with a MXN 33 price target. In a period where prices and margins begin to improve, portfolios with fixed margins, such as Alpek’s "lack the torque to keep up with those names that offer greater spot exposure, such as Orbia’s," Isaacson tells investors in a research note.