OMA upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Jens Spiess upgraded OMA to Overweight from Equal Weight with a price target of $77, down from $82. The firm’s proprietary traffic model for Mexico airport companies screening through thousands of flight schedules to gain visibility into seat capacity and traffic, and while Q3 traffic for all airport groups is disappointing, it is also “surprising” in the subsequent two quarters, the analyst tells investors in a research note.