Deutsche Bank Starts LAN Airlines (LFL) at Hold; Merger Complete
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Price: $12.47 +1.63%
Rating Summary:
2 Buy, 8 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 8 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank initiates coverage on LAN Airlines (NYSE: LFL) with a Hold. PT $27.00.
Deutsche analyst said, "As the birth of LATAM marks another chapter in the Latin American consolidation story, we believe that both LATAM and the industry stand to benefit. A less-fragmented competitive backdrop will better position Latin American airlines to profit from the significant growth opportunities in the region particularly LATAM with its ~35% share. However, we think LATAM will see near-term earnings risk given the ailing Brazilian market and unforeseen integration costs (e.g. LATAM recently lost its investment grade credit rating due to its increased debt load)."
For an analyst ratings summary and ratings history on LAN Airlines click here. For more ratings news on LAN Airlines click here.
Shares of LAN Airlines closed at $26.81 yesterday.
Deutsche analyst said, "As the birth of LATAM marks another chapter in the Latin American consolidation story, we believe that both LATAM and the industry stand to benefit. A less-fragmented competitive backdrop will better position Latin American airlines to profit from the significant growth opportunities in the region particularly LATAM with its ~35% share. However, we think LATAM will see near-term earnings risk given the ailing Brazilian market and unforeseen integration costs (e.g. LATAM recently lost its investment grade credit rating due to its increased debt load)."
For an analyst ratings summary and ratings history on LAN Airlines click here. For more ratings news on LAN Airlines click here.
Shares of LAN Airlines closed at $26.81 yesterday.
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