Fibra Macquarie Mexico price target raised to MXN 44 from MXN 43 at Barclays

Barclays analyst Pablo Monsivais raised the firm’s price target on Fibra Macquarie Mexico (DBMBF) to MXN 44 from MXN 43 and keeps an Overweight rating on the shares. The firm adjusted price targets and estimates for Mexican real estate companies. Macro headwinds continue to play a key role in the industry, but so far companies “have been able to withstand the current backdrop,” the analyst tells investors in a research note. At an industry level, Barclays sees attractive valuations.