Barclays lowered the firm’s price target on Promotora y Operadora (PYOIF) to MXN 293 from MXN 312 and keeps an Overweight rating on the shares. The firm updated price targets across Latin America transportation, with larger revisions in airlines and a more cautious view amid “elevated volatility.” Limited visibility on jet fuel prices drives a conservative stance, the analyst tells investors in a research note.
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