Apr. 13 at 4:51 AM
$LTM Latam Airlines upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs upgraded Latam Airlines to Buy from Neutral with a price target of
$63.40, down from
$64.10, after assuming coverage of the name. The company has a "solid" financial position of the company currently and its higher income positioning in Latin America should allow it to withstand the current macroeconomic volatility, the analyst tells investors in a research note. Goldman believes Latam will pass through higher fuel prices to tickets with potentially lower impact to demand relative to peers.