Fibra Uno downgraded to Sector Perform from Outperform at Scotiabank

Scotiabank analyst Francisco Suarez downgraded Fibra Uno to Sector Perform from Outperform with a price target of MXN 26, down from MXN 30. While he thinks industrial real estate in Mexico can decouple from recession risks, execution and governance is "the name of the game" and in terms of Fibra Uno he sees this as "time to harvest," Suarez tells investors.