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GAP Airports downgraded to Equal Weight from Overweight at Barclays

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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