Scotiabank downgraded Orbia Advance to Sector Perform from Outperform with a MXN 47 price target after overall EBITDA fell “far short” of expectations, with sequential margin compression in most segments. Infrastructure and construction markets continue to be challenged by high interest rates and the core PVC business continues to face challenges, the analyst tells investors in a post-earnings note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>