Asur upgraded to Buy from Sell at Goldman Sachs

Goldman Sachs double upgraded Asur to Buy from Sell with a price target of $326, up from $274. The analyst is taking a more bullish stance on the Mexico airport sector, citing the “de-risking” seen in prior months on the regulatory side coupled with a view that investors are too conservative on the prospects of a traffic recovery in 2025. Asuris a structural growth story with a challenging short term at least partly priced in, the analyst tells investors in a research note. The firm sees an “undemanding valuation” on its estimates.