Grupo Aeroportuario Del Centro Norte: Stock Is Still A Buy Despite Higher Concession Taxes
Portfolio Pulse from
Grupo Aeroportuario del Centro Norte's Q3 results exceeded expectations with a 1.4% revenue increase, driven by non-aeronautical revenues. Despite higher concession taxes impacting margins, the stock is still rated a buy with a 48% upside potential and a price target of $93.60.
November 17, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Grupo Aeroportuario del Centro Norte's Q3 results beat expectations with a 1.4% revenue increase. Despite higher concession taxes impacting margins, the stock is still rated a buy with a 48% upside potential and a price target of $93.60.
The Q3 results exceeded expectations, which is positive for the stock. Although higher concession taxes are pressuring margins, the stock is still considered a buy with significant upside potential, indicating a likely positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100