Barclays analyst Pablo Monsivais initiated coverage of Grupo Aeromexico (AERO) with an Overweight rating and $27 price target The firm says the company’s “strong” slot position at the Mexico City airport and “leaner” cost structure post restructuring will support “robust” cash flow. Aeromexico offers a “compelling investment case” given its solid industry fundamentals and discounted valuation, the analyst tells investors in a research note.
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