Orbia Advance upgraded to Outperform from Sector Perform at Scotiabank

Scotiabank analyst Ben Isaacson upgraded Orbia Advance to Outperform from Sector Perform with a MXN 46 price target. The analyst believes a "forward-looking stock market will begin pricing margin recovery as the next leg of the Orbia trade." n a period where prices and margins begin to improve, portfolios with fixed margins, such as Alpek’s "lack the torque to keep up with those names that offer greater spot exposure, such as Orbia’s," Isaacson tells investors in a research note.