Inmobiliaria Vesta upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs upgraded Inmobiliaria Vesta to Buy from Neutral with a price target of $42, up from $38. The firm’s analysis of Mexican industrial fundamentals shows that inventory under construction in Mexico has declined 9% y/y while net absorption has risen 27%, while its recent site visits in Mexico show more favorable supply/demand dynamics than previously assumed, the analyst tells investors in a research note.