LATAM Airlines Group SA (NYSE:LFL) was upgraded by investment analysts at Citigroup Inc. to a “market perform” rating in a note issued to investors on Wednesday.

Several other equities analysts have also recently weighed in on LFL. Goldman Sachs Group Inc. cut LATAM Airlines Group SA from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $6.70 to $5.80 in a research note on Tuesday, June 14th. Bank of America Corp. upgraded LATAM Airlines Group SA from an “underperform” rating to a “neutral” rating in a research note on Monday, July 11th. Zacks Investment Research upgraded LATAM Airlines Group SA from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Thursday, July 14th. Deutsche Bank AG upgraded LATAM Airlines Group SA from a “hold” rating to a “buy” rating and lifted their target price for the stock from $7.00 to $11.00 in a research note on Wednesday, July 20th. Finally, Morgan Stanley upgraded LATAM Airlines Group SA from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $6.50 to $8.80 in a research note on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average 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. LATAM Airlines Group SA has a 1-year low of $4.35 and a 1-year high of $9.24. The company has a 50 day moving average of $8.31 and a 200 day moving average of $7.28. The firm’s market capitalization is $4.22 billion.

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Several large investors have recently added to or reduced their stakes in LFL. 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 period. Jane Street Group LLC purchased a new stake in shares of LATAM Airlines Group SA during the second quarter valued at $173,000. Stevens Capital Management LP purchased a new stake in shares of LATAM Airlines Group SA during the second quarter valued at $189,000. Impala Asset Management LLC purchased a new stake in shares of LATAM Airlines Group SA during the second quarter valued at $191,000. Finally, Scotia Capital Inc. purchased a new stake in shares of LATAM Airlines Group SA during the first quarter valued at $224,000. 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.

5 Day Chart for NYSE:LFL

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