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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Contacts:
Antonio Tejedo
Investors
Alejandra Méndez
Media
Tel: +52 55 5046 7900