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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off