TRAXIÓN ANNOUNCES INITIATION OF COVERAGE FROM BTG PACTUAL WITH A RECOMMENDATION OF BUY AND A PRICE TARGET OF $48.00 PER SHARE

Mexico City, March 06, 2023 – Grupo TRAXIÓN, S.A.B. de C.V. (“TRAXIÓN” or the “Company”) (BMV: TRAXION A), the leading logistics, transportation and mobility company in Mexico announces that today BTG Pactual, one of the most important investment banks in Latin America, has initiated coverage on TRAXIÓN with a BUY rating and a target price of $48.00 MXN (Mexican pesos) per share. This recommendation implies approximately a 37% upside compared to its current trading price.

“This coverage and rating, coming from such a respected institution, represents an important milestone for TRAXIÓN. BTG Pactual will bring additional exposure and interest to the Company. We are very excited about this new relationship and the opportunity it represents.” – commented Aby Lijtszain, Founder and Executive President of TRAXIÓN.

 

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Miranda Newswire – Full Press Release: Download PDF

 

Contacts:

Antonio Tejedo

Investors

ir@traxion.global

Alejandra Méndez

Media

a.mendez@traxion.global

Tel: +52 55 5046 7900

http://traxion.global

 
About the Company
TRAXIÓN is the leading transportation and logistics company in Mexico. It offers a one-stop solution through the broadest and most diverse service portfolio in the country. TRAXIÓN’s platform operates three main business segments: mobility of cargo, logistics and technology, and mobility of personnel. The Company has 10 highly recognized brands for their leadership in different sector niches. TRAXIÓN was founded in 2011 and ended the 4Q22 with an average fleet of 9,883 power units, 679,898 square meters of warehousing space, national reach, more than 1,000 clients, and over 20,000 employees. TRAXIÓN’s most important competitive advantages are the use of top, state-of-the art technologies, together with an experienced and committed management team, being the only consolidator in a highly fragmented industry, being the only institutional company in a sector dominated by family-owned companies and having a diversification premium.
Disclaimer
This document may contain forward-looking statements that involve risks and uncertainties. Words such as “estimate”, “project”, “plan”, “believe”, “expect”, “anticipate”, “seek”, and other similar expressions must be identified solely as forward-looking statements. Grupo TRAXIÓN warns readers that the statements or estimates mentioned in this document, or stated by the Grupo TRAXIÓN management team, are subject in their entirety to risks and uncertainties that are out of the Company’s control and may cause its results to differ materially from the management’s expectations. These forward-looking statements reflect the Company’s judgment as of the date of this release. Grupo TRAXIÓN reserves the right to update the information herein contained in this document or derived from it as it deems appropriate. Grupo TRAXIÓN’s past or present performance is not an indicator that guarantees its future performance.”

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