JPMorgan Upgrades GAP Airports (PAC) to Overweight, Cuts Target to 460 Mexican Pesos

Core Insights - Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) is considered one of the best Mexican stocks to invest in, with an upgrade from JPMorgan to Overweight from Neutral, and a price target adjustment to 460 Mexican pesos from 465 Mexican pesos [1][2] Company Overview - Grupo Aeroportuario del Pacífico, S.A.B. de C.V. is a Mexican airport operator based in Guadalajara, managing 12 airports in central and northwestern Mexico, as well as two in Jamaica, making it the largest airport operator in Mexico by passenger traffic [3] Recent Performance - Preliminary terminal passenger traffic figures for October 2025 indicated a total of 4.87 million passengers, reflecting a 0.8% decrease from October 2024. However, for the January–October 2025 period, total terminal passengers reached 52.68 million, marking a 3.2% year-to-date increase compared to the same period in 2024, indicating overall traffic growth despite the decline in October [2]