Goldman Sachs initiated coverage of Vesta with a Neutral rating and $36 price target. The analyst expects lower portfolio rent growth for Vesta as 50% of its portfolio is in the Bajio, which has market rents 4% below the company’s in place rent. The firm sees flat returns for Vesta shares versus 15% upside for Fibra Prologis.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on VTMX:
- Inmobiliaria Vesta reinstated with Buy from Neutral at Citi
- AMD upgraded, Electronic Arts downgraded: Wall Street’s top analyst calls
- Vesta initiated with an Overweight at Barclays
- Opening Day: Beauty brand owner Oddity soars in debut
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue