LATAM Airlines Group SA (NYSE:LFL) was upgraded by equities research analysts at Raymond James Financial Inc. from an “underperform” rating to a “market perform” rating in a research note issued on Wednesday, StockTargetPrices.com reports.

LFL has been the topic of several other reports. Zacks Investment Research upgraded shares of LATAM Airlines Group SA from a “strong sell” rating to a “hold” rating in a research note on Saturday, September 10th. Bank of America Corp. upgraded shares of LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research note on Monday, July 11th. Deutsche Bank AG upgraded shares of LATAM Airlines Group SA from a “hold” rating to a “buy” rating and increased their target price for the stock from $7.00 to $11.00 in a research note on Wednesday, July 20th. Morgan Stanley upgraded shares of LATAM Airlines Group SA from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $6.50 to $8.80 in a research note on Thursday, September 8th. Finally, Citigroup Inc. cut shares of LATAM Airlines Group SA from a “buy” rating to a “neutral” rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. LATAM Airlines Group SA has a consensus rating of “Hold” and a consensus target price of $8.65.

Analyst Recommendations for LATAM Airlines Group SA (NYSE:LFL)

Shares of LATAM Airlines Group SA (NYSE:LFL) opened at 7.74 on Wednesday. The firm’s 50-day moving average is $8.31 and its 200-day moving average is $7.28. LATAM Airlines Group SA has a 12 month low of $4.35 and a 12 month high of $9.24. The company’s market cap is $4.22 billion.

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Several hedge funds have recently bought and sold shares of the stock. Profund Advisors LLC boosted its position in shares of LATAM Airlines Group SA by 19.4% in the second quarter. Profund Advisors LLC now owns 22,620 shares of the company’s stock worth $149,000 after buying an additional 3,676 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of LATAM Airlines Group SA during the second quarter worth approximately $173,000. Stevens Capital Management LP acquired a new position in shares of LATAM Airlines Group SA during the second quarter worth approximately $189,000. Impala Asset Management LLC acquired a new position in shares of LATAM Airlines Group SA during the second quarter worth approximately $191,000. Finally, Scotia Capital Inc. acquired a new position in shares of LATAM Airlines Group SA during the first quarter worth approximately $224,000. Hedge funds and other institutional investors own 3.27% of the company’s stock.

About LATAM Airlines Group SA

LATAM Airlines Group SA is a Chile-based air transport company. The Company’s principal business is passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania.

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