OMA price target raised to MXN 181 from MXN 170 at Scotiabank

Scotiabank raised the firm’s price target on OMA to MXN 181 from MXN 170 and keeps a Sector Perform rating on the shares. After a volatile 2023 for Mexican airports, the market’s fears appear to be fading, and the firm sees more value at current prices, the analyst tells investors. With the spreads between internal rates of return, IRRs, and benchmark ratings widening, there is more value to be unlocked, and the risk-reward balance for bondholders and equity holders looks positive, the firm adds. The firm remains on the sidelines for OMA