BofA downgraded GAP Airports (PAC) to Underperform from Neutral with a price target of $258.40, up from $213.50. The firm cites the stock’s “rich valuation” for the downgrade, noting the shares are trading at a historically high 38% premium to the average multiple of peers. In addition, the slowing Mexican economy “could spur headwinds ahead,” the analyst tells investors in a research note. BofA remains cautious on a stronger than expected traffic recovery in Mexico.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAC:
- GAP Airports downgraded to Underperform from Neutral at BofA
- GAP Airports downgraded to Underperform from Outperform at Bradesco BBI
- Grupo Aeroportuario del Pacífico Reports Passenger Traffic Growth in May 2025
- GAP Airports reports May traffic up 2.6%
- GAP Airports upgraded to Neutral from Underweight at JPMorgan