Scotiabank lowered the firm’s price target on Prologis Property Mexico to MXN 76 from MXN 80 and keeps a Sector Perform rating on the shares. Shares of Mexican real estate are taking a pause and the firm believes prospects for a higher-for-longer yield are to blame, the analyst tells investors.
Elevate Your Investing Strategy:
- 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.