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Fly News Breaks for February 7, 2018
CPA, LTM
Feb 7, 2018 | 09:43 EDT
Citi analyst Stephen Trent downgraded Latam Airlines (TLM) to Sell with an unchanged price target of $14. The company faces "unprecedented competition risks" in Argentina, Chile and Peru and it has materially weaker EBIT margins, financial leverage and trading stats than rival Copa Airlines (CPA), Trent tells investors in a research note.