Barclays downgraded GAP Airports (PAC) to Equal Weight from Overweight with a price target of MXN 412, down from MXN 414. 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.
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Read More on PAC:
- Grupo Aeroportuario del Pacífico Sees December Passenger Traffic Rise by 2.9%
- Grupo Aeroportuario del Pacifico Boosts November Passenger Traffic
- GAP Airports report November passenger traffic up 1.8% y/y
- GAP Airports upgraded to Buy from Neutral at UBS
- GAP Airports downgraded to Market Perform from Outperform at Itau BBA
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