From Yahoo Finance: 2025-05-24 03:23:00

BofA Securities initiated coverage of Corporacion American Airports SA (NYSE:CAAP) with a “Buy” rating and a price target of $24.70. The positive stance is due to the company’s expansion plans and growth potential, especially in markets like Argentina that are poised for recovery.

Corporacion American Airports SA’s airport concession in Argentina may see favorable renegotiation under President Javier Milei. This could increase the company’s Argentine concession’s internal rate of return from 13% to 16.5%, potentially boosting its financial outlook.

Corporacion American Airports SA (NYSE:CAAP) has strong growth plans, including expanding in Tuscany and Armenia. BofA Securities believes the company could secure new airport concessions in countries like Montenegro and Angola, while markets like Brazil and Nigeria present challenges but also opportunities.

Corporación América Airports SA (NYSE:CAAP) operates 53 airports across Latin America and Europe, making it one of the world’s largest private airport operators. The company acquires, develops, and operates airport concessions, with a focus on expanding its operational footprint and revenue.

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Read more: BofA Starts Coverage of Corporacion America Airports (CAAP) With a Buy Rating