Scotiabank analyst Andres Coello upgraded Operadora de Sites Mexicanos to Sector Perform from Underperform with a price target of MXN 16.50, down from MXN 21.70. Opsimex still has a large EV/tower premium to Sitios Latinoamerica, but but the firm believes the current valuation following the stock’s pullback "correctly reflects cash-flow generation."
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Published first on TheFly