Grupo Mexico price target raised to MXN 87 from MXN 82 at Scotiabank

Scotiabank raised the firm’s price target on Grupo Mexico to MXN 87 from MXN 82 and keeps an Underperform rating on the shares. The firm estimated the Return on Invested Capital, ROIC, for six LatAm mining companies under its coverage, the analyst tells investors. Scotiabank named Grupo Mexico as one of the three companies that stood out in terms of ROIC performance over a 10-year period.