Asur price target lowered to MXN 592 from MXN 615 at Barclays

Barclays analyst Pablo Monsivais lowered the firm’s price target on Asur (ASR) to MXN 592 from MXN 615 and keeps an Equal Weight rating on the shares. The firm says near-term traffic expectations suggest the Mexican airlines are taking a more cautious approach to growth. While macro headwinds are hurting traffic, lower interest rates could serve as a catalyst, the analyst tells investors in a research note.