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

A number of other brokerages have also weighed in on LFL. Zacks Investment Research lowered shares of LATAM Airlines Group SA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 16th. Goldman Sachs Group Inc. lowered shares of LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and cut their target price for the stock from $6.70 to $5.80 in a research report on Tuesday, June 14th. Citigroup Inc. lowered shares of LATAM Airlines Group SA from a “buy” rating to a “neutral” rating in a research report on Monday, August 1st. Bank of America Corp. upgraded shares of LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research report on Monday, July 11th. Finally, Deutsche Bank AG upgraded shares of LATAM Airlines Group SA from a “hold” rating to a “buy” rating and raised their price objective for the company from $7.00 to $11.00 in a research report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $8.65.

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

LATAM Airlines Group SA (NYSE:LFL) opened at 7.74 on Wednesday. The firm has a 50-day moving average of $8.31 and a 200-day moving average of $7.28. LATAM Airlines Group SA has a 52 week low of $4.35 and a 52 week high of $9.24. The company’s market capitalization is $4.22 billion.

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Large investors have recently made changes to their positions in the stock. Profund Advisors LLC raised its stake 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 valued at $149,000 after buying an additional 3,676 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of LATAM Airlines Group SA during the second quarter valued at about $173,000. Stevens Capital Management LP bought a new stake in shares of LATAM Airlines Group SA during the second quarter valued at about $189,000. Impala Asset Management LLC bought a new stake in shares of LATAM Airlines Group SA during the second quarter valued at about $191,000. Finally, Scotia Capital Inc. bought a new stake in shares of LATAM Airlines Group SA during the first quarter valued at about $224,000. Institutional investors and hedge funds 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.

5 Day Chart for NYSE:LFL

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