LATAM Airlines' Earnings Will Remain 'Higher For Longer,' Says Bullish Analyst
LATAM Airlines' Earnings Will Remain 'Higher For Longer,' Says Bullish Analyst
LATAM Airlines Group SA (NYSE:LTM) shares were declining in early trading on Tuesday.
拉美航空股份公司（NYSE:LTM）的股价在周二早盘交易中下跌。
The company has emerged from bankruptcy stronger and is now larger and leaner, according to Morgan Stanley.
该公司已经摆脱破产，变得更强大，现在规模更大，更精简，这是摩根士丹利的说法。
Analyst Jens Spiess initiated coverage of LATAM Airlines Danaher with an Overweight rating and price target of $40.
分析师詹斯·斯皮斯开始覆盖丹纳赫的拉美航空，给予超配评级，并设定目标价格为40美元。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
The LATAM Airlines Thesis: The company's profitability has climbed above the pre-COVID-19 pandemic levels, while that of its U.S. legacy peers have not, and its stock valuation has not recovered, Spiess said in the initiation note.
拉美航空的论点：斯皮斯在初次报告中表示，公司的盈利能力已经超过了新冠疫情前的水平，而其美国传统同行的盈利能力没有，股价估值也没有恢复。
LATAM Airlines' shares are down 55% since the pre-pandemic levels and "offer growth at an attractive price," the analyst stated. "LTM's valuation implies that earnings are not sustainable, yet we think they will remain higher for longer," Spiess added.
自疫情前以来，拉美航空的股价下跌了55%，分析师表示“以吸引人的价格提供增长机会”。斯皮斯补充说：“LTM的估值暗示着盈利不可持续，但我们认为盈利将会持续较长时间。”
"We see LTM's exposure to under-penetrated markets supporting above average passenger growth over next five years (+5% RPK CAGR)," Spiess further wrote, while naming the company as a top pick.
斯皮斯进一步写道：“我们认为LTM暴露在渗透率较低的市场，将支持未来五年的高于平均水平的客运增长（+5%RPk CAGR）”，并将该公司列为首选股。
LTM Price Action: Shares of LATAM Airlines had declined by 0.80% to $26.20 at the time of publication on Tuesday.
拉美航空的股价行为：拉美航空的股价在周二出版时下跌0.80%，至26.20美元。
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Photo: Miguel Lagoa via Shutterstock
照片：Miguel Lagoa通过shutterstock提供
