Asur price target lowered to MXN 534 from MXN 543 at Barclays

Barclays lowered the firm’s price target on Asur (ASR) to MXN 534 from MXN 543 and keeps an Equal Weight rating on the shares. The firm fine-tuned traffic estimates on all Mexican airports following airlines expected capacity deployment in the near term. It now uses a higher equity risk premium to reflect a more volatile environment for Mexico, driving the downgrade of GAP Airports.