GAP Airports upgraded to Hold from Underperform at Jefferies

Jefferies upgraded GAP Airports (PAC) to Hold from Underperform with a price target of $210, up from $140. The recent strength of the recovery in traffic flows at GAP’s airports, particularly Guadalajara, has “positively surprised,” says the analyst, who is raising the firm’s 2025 EBITDA estimate by 10% to reflect the growth in traffic volumes.