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UPDATE: Deutsche Bank Upgrades LATAM Airlines Group SA to Buy on Upcoming Catalysts

Related LFL
Morgan Stanley Reiterates Underweight, Lowers PT On LATAM Airlines Following 4Q14 Results
Earnings Scheduled For March 17, 2015

In a report published Thursday, Deutsche Bank analyst Michael Linenberg upgraded the rating on LATAM Airlines Group SA (NYST: LFL) from Hold to Buy, and raised the price target from $23.00 to $27.00.

In the report, Linenberg noted, “We are upgrading our rating on LATAM Airlines Group S.A. ADR shares from Hold to Buy as we see a number of upcoming catalysts that should lead to improved profitability: (1) an expected slowdown in LATAM's international capacity growth plan; (2) the anticipated approval of TAM's code share with American Airlines; and (3) a material pullback in jet fuel prices, which should result in a solid earnings tailwind and boost the company's liquidity profile, in our view. Moreover, we think the stock's recent underperformance creates an attractive entry point for investors; LFL is down 14% YTD vs. most major Chilean indices, which are flat to down 1% (in USD).”

LATAM Airlines Group SA closed on Wednesday at $20.28.

Latest Ratings for LFL

Mar 2015Raymond JamesDowngradesMarket PerformUnderperform
Jan 2015JP MorganMaintainsNeutral
Dec 2013Goldman SachsDowngradesNeutralSell

View More Analyst Ratings for LFL
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Upgrades Analyst Ratings


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