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Fly News Breaks for July 3, 2019
LTM
Jul 3, 2019 | 05:31 EDT
Goldman Sachs analyst Bruno Amorim last night downgraded Latam Airlines to Sell from Neutral while raising his price target for the shares to $9.30 from $9.20. "Fierce" competition in the Spanish speaking countries and "still weak" pricing in the international markets will likely offset the positive effect from Avianca Brasil's bankruptcy, Amorim tells investors in a research note. He believes Latam shares offer 1% upside in the next 12 months, the lowest among the five airlines he covers in Latin America.
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