As previously reported, BofA double upgraded Asur to Buy from Underperform with a price target of $296.70, up from $263.30, after Asur positively concluded its review process of its Mexican airports maximum rates and mandatory requirements for the period of 2024 to 2028. The firm is positive on the outcome of the MeX Master Development Plan process as higher concession fees and capex are compensated by a 23% increase in the maximum tariff, the analyst tells investors.
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