LATAM Airlines' Earnings Will Remain 'Higher For Longer,' Says Bullish Analyst
Portfolio Pulse from Priya Nigam
LATAM Airlines Group SA (NYSE:LTM) has been rated 'Overweight' by Morgan Stanley analyst Jens Spiess, with a price target of $40. Despite a 55% drop in share price since pre-pandemic levels, the company is seen as offering growth at an attractive price, with profitability above pre-COVID-19 levels. The analyst expects earnings to remain high and highlights the company's exposure to under-penetrated markets as a growth driver.
October 01, 2024 | 4:05 pm
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Morgan Stanley initiated coverage on LATAM Airlines with an 'Overweight' rating and a $40 price target. The analyst sees the company as a top pick due to its strong profitability and growth potential in under-penetrated markets.
The 'Overweight' rating and $40 price target from Morgan Stanley is a positive signal for investors, suggesting confidence in LATAM's profitability and growth potential. The analyst's view that earnings will remain high and the company's exposure to growing markets supports a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100