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The fair value estimate for LTM has been trimmed from ₹5,951.97 to ₹5,435.49, an adjustment of about 8.7% in the modelled equity value. This shift lines up with a split in recent Latam Airlines research, where more optimistic views on execution and sector positioning are being weighed against tighter valuation appetites and sector wide reassessments. Read on to see how these changing targets fit into the evolving analyst narrative and what to watch next.
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Citi turned more positive on Latam Airlines, upgrading the stock to Buy from Neutral and setting a US$58 price target, up from US$53….