Grupo Mexico price target raised to MXN 82 from MXN 80 at Scotiabank

Scotiabank raised the firm’s price target on Grupo Mexico to MXN 82 from MXN 80 and keeps an Underperform rating on the shares. The firm has “markedly improved” its near-term commodity price outlook, which now reflects the impact of ongoing supply-chain challenges along with the resilient global demand, the analyst tells investors.