Prologis Property Mexico price target lowered to MXN 76 from MXN 80 at Scotiabank

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.