Fibra Macquarie Mexico price target lowered to MXN 37 from MXN 38 at Scotiabank

Scotiabank lowered the firm’s price target on Fibra Macquarie Mexico to MXN 37 from MXN 38 and keeps a Sector Perform rating on the shares. Shares of Mexican real estate are taking a pause and the firm believes prospects for a higher-for-longer yield are to blame, the analyst tells investors.