Asur upgraded to Outperform from Sector Perform at Scotiabank

Scotiabank upgraded Asur to Outperform from Sector Perform with a price target of MXN 532, down from MXN 537. The analyst believes the selloff in Mexican airports is overdone. A major advantage of the current regulation in Mexico is that it allows for investments to fund capex when needed to support strong passenger growth in listed Mexican airport operators, the analyst tells investors in a research note.