UPDATE: J.P. Morgan Upgrades LATAM Airlines Group SA to Neutral on Good Upside Potential
April 23, 2013 at 10:24 AM EDT
In a report published Tuesday, J.P. Morgan analyst Fernando Abdalla upgraded the rating on LATAM Airlines Group SA (NYSE: LFL ) from Underweight to Neutral, and reiterated the $25.00 price target. In the report, Abdalla noted, “We are upgrading the company to Neutral from UW. YTD shares have underperformed the