Scotiabank upgraded OMA to Sector Perform from Underperform with a price target of $69, down from $91. The firm is bullish on the Mexican airports citing a “proven regulatory framework” that yields attractive risk-adjusted returns, “well-seasoned” business models that are resilient “even when facing black swans,” and strong demand for travel supported by U.S. routes. The analyst believes OMA at current price levels has upside potential.
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