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Fly News Breaks for August 6, 2019
PAC, OMAB, ASR
Aug 6, 2019 | 06:26 EDT
JPMorgan analyst Fernando Abdalla downgraded GAP Airports (PAC) to Underweight from Neutral while raising his price target for the shares to MXN 210 from MXN 205. The analyst also maintains an Overweight rating on Asur (ASR), his top pick in Mexican Airports, and Neutral rating on OMA (OMAB). Despite "still-healthy" traffic performance at its airports, GAP is not delivering the expected margin improvement given the pressure witnessed in operating costs, Abdalla tells investors in a research note.
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