Citi analyst Stephen Trent downgraded OMA to Sell from Neutral with a $58 price target. OMA’s valuation now exceeds that of its Mexican peers, Trent tells investors in a research note. This is in spite of OMA having weaker pandemic-era traffic growth, considerably weaker trading liquidity and no advantages on its concession asset duration, says the analyst. Trent says Vinci’s recent purchase of a strategic stake in OMA now seems priced in.
Published first on TheFly
