Scotiabank analyst Francisco Suarez has revised his position on Fibra Prologis (FBBPF, Financial), downgrading the stock from an Outperform to a Sector Perform rating. The new price target is set at MXN 72, decreased from a previous target of MXN 77.
This adjustment comes as the firm anticipates challenges in the Mexican industrial real estate sector, citing concerns that heightened yield curves and limited opportunities for rent growth could diminish the likelihood of cap rate compression in the foreseeable future.
