OMA downgraded to Underweight from Neutral at JPMorgan

JPMorgan downgraded OMA to Underweight from Neutral with a price target of MXN 200, up from MXN 180. The sector Mexican airport has "rallied massively" year-to-date, creating an opportunity to take profits, the analyst tells investors in a research note. The firm acknowledges the sector’s defensiveness and long-term potential on the back of airlines capacity and nearshoring but prefers to play the transportation sector via Brazilian names.