It's only up from here for Latam Airlines Group , according to Morgan Stanley.
Shares of Latam Airlines relisted on the New York Stock Exchange in July, after the company filed for bankruptcy in 2020.
LTM YTD mountain LTM YTD chart However, Spiess believes that Latam Airlines' valuation still offers a steep discount, which the analyst said was "unwarranted."
Meanwhile, the analyst noted that Latam Airlines offers "unparalleled connectivity" as the largest full service carrier in South America, which is still somewhat under-penetrated.
These routes, where Latam Airlines has a market monopoly, are likely among the company's most profitable.
Persons:
It's, Morgan Stanley, Jens Spiess, Spiess, LTM
Organizations:
Latam Airlines Group, Latam, New York Stock Exchange, Latam Airlines
Locations:
U.S, South America