Inmobiliaria Vesta downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs analyst Jorel Guilloty downgraded Inmobiliaria Vesta to Neutral from Buy with a price target of $32, down from $42. The firm sees headwinds for the company’s new portfolio in North region, and expects a continuation of the deceleration which was already happening in key Northern market. Goldman recommends investors gain exposure to Mexican industrial real stocks with recurring revenue and relevant mark to market upside, namely Fibra Prologis and Fibra MTY.