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

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) is one of the best Mexican stocks to invest in. On November 14, JPMorgan’s Guilherme Mendes upgraded Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) (GAP Airports) stock to Overweight from Neutral, and cut the price target to 460 Mexican pesos from 465 Mexican pesos. Mendes characterized GAP Airports as attractive on a valuation basis and highlighted that the recent share‑price performance and current multiples leave room for upside relative to the analyst’s fundamental view of the company.

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

Dabarti CGI/Shutterstock.com

Just seven days before this analyst action (on November 7), GAP Airports had reported preliminary terminal passenger traffic figures for October 2025. The report showed a total of 4.87 million passengers across all its airports, a 0.8% decrease from October 2024.​ For the January–October 2025 period, total terminal passengers reached 52.68 million, a 3.2% year-to-date increase compared with the same period in 2024. In other words, traffic grew over the full 10‑month period despite the slight decline in October.

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) is a Mexican airport operator headquartered in Guadalajara. The company operates 12 airports in central and northwestern Mexico and two in Jamaica. GAP is the largest airport operator in Mexico based on passenger traffic.

While we acknowledge the potential of PAC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PAC and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Cryptocurrency Stocks to Buy for the Long Term and 10 Best Mid Cap Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.