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Morgan Stanley Is More Positive On LatAm Airlines

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Morgan Stanley Is More Positive On LatAm Airlines

Morgan Stanley likes Latin America airline firms based on multiple positive factors. This includes better expectations on the growth and profitability front driven by macro stabilization, restructuring steps and the strong BRL. Aside from these, capacity outlook is likely to prove to be critical to the performance.

There are four airlines that came under the analysts' review. In a research note, they said, "We've made major adjustment to our earnings estimates for the Latin American airlines and we are now more positive on the space."

Related Link: Airline Stocks Are Strong Today: Here's What You Need To Know

The following shares are upgraded in Latin America Airlines sector:

  • Controladora Vuela Co Avcn SA CV (NYSE: VLRS): The brokerage upgraded the stock from Equal Weight to Overweight based on strong growth prospects. The analysts have also boosted their price tag from $22.10 to $23.
  • Copa Holdings, S.A. (NYSE: CPA): Upgraded from Equal Weight to Overweight and lifted the target price from $56 to $94 based on the expected traffic/load, cost control, capacity and macro stabilization.
  • LATAM Airlines Group SA (ADR) (NYSE: LFL): Stock upgraded to Equal Weight from Underweight and increased price objective from $6.50 to $8.80 citing rationalization of its business.
  • Gol Linhas Aereas Inteligentes SA (ADR) (NYSE: GOL): Upgraded from Underweight to Equal Weight based on the improved financial position in the current year. The brokerage boosted its price tag from $4.9 to $23.

At Time Of Writing...

  • Controladora Veula was down 0.27 percent at $18.22.
  • Copa was up 7.45 percent at $85.44.
  • Gol Linhas was up 3.21 percent at $23.46.
  • LATAM Airlines was up 3.38 percent at $8.27.

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Latest Ratings for CPA

DateFirmActionFromTo
Apr 2021Deutsche BankUpgradesHoldBuy
Apr 2021Goldman SachsUpgradesNeutralBuy
Mar 2021JP MorganDowngradesNeutralUnderweight

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