BofA double downgraded OMA (OMAB) to Underperform from Buy with a price target of $71.50, down from $80.70. The firm says OMA offers a less attractive valuation and growth trade-off compared to its peer Asur (ASR). OMA has a higher exposure to domestic travelers than Asur and has delivered a 3.4% year-over-year total traffic decrease that has been negatively impacted by the Airbus engine recall effect, the analyst tells investors in a research note.
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