Jefferies Rates LATAM Airlines (LTM) buy, $70 Price Target
Jefferies analyst Alejandro Demichelis reiterated a buy rating on LTM, setting a $70 price target, a 28.35% upside from the current price.
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Jefferies rated LATAM Airlines Group S.A. ($LTM) "buy" with a $70 price target on June 18, 2026.
Since the rating, $LTM is up 1.9% after 1 week, down 7.4% after 1 month and down 15.0% to date (from the $55.85 close on Jun 18, 2026).
LTM
LATAM Airlines Group S.A.
Key Points
- Jefferies reiterated its buy rating on LTM with a $70 price target on June 18, 2026.
- Jefferies's $70 price target implies 28.35% upside from LATAM Airlines Group S.A.'s ($LTM) current $54.54 share price.
- LTM shares are trading at $54.54, with significant institutional activity including changes by Newport Trust and Citadel Advisors.
- Analysts from JP Morgan and Morgan Stanley have also shown a positive outlook on LTM with recent buy ratings.
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Jefferies analyst Alejandro Demichelis reiterated his buy rating on LTM, maintaining a price target of $70. This reaffirmation came on June 18, 2026, as LTM shares traded at $54.54.
Other Institutional Activity in LTM
Several institutional investors have made notable changes to their positions in LTM. Newport Trust Company, LLC reduced its holdings by 732,565 shares, ending with 3,242,366 shares valued at about $160.3 million. In contrast, Robeco Institutional Asset Management B.V. increased its stake by 1,106,234 shares, bringing its total to 2,124,452 shares worth approximately $105 million. Olympus Peak Asset Management LP significantly cut its position by 3,427,892 shares, holding 2,076,995 shares valued at around $102.7 million. Meanwhile, Morgan Stanley slightly reduced its holdings by 136,735 shares to 1,955,110 shares, valued at roughly $96.7 million. Jane Street Group, LLC made a substantial addition of 1,421,927 shares, resulting in a total of 1,464,081 shares worth about $72.4 million, while Citadel Advisors LLC added 1,257,597 shares, reaching 1,419,678 shares valued at around $70.2 million.
Analysts Set New Price Targets
On June 18, 2026, Jefferies reiterated its buy rating on LTM with a $70 price target. Earlier in June, JP Morgan also initiated coverage with a buy rating and a $70 target. Morgan Stanley upgraded LTM to a buy rating with a $60 target on March 26, 2026. Barclays maintained its buy rating, setting a $67 target on March 24, 2026. Citigroup upgraded the stock to a buy with a $58 target on March 17, 2026.
Insider Buying and Selling at LATAM Airlines Group S.A.
Strategic Value Partners, LLC sold 5,000,000 shares on September 11, 2025, at an average price of $47.69 per share. This transaction was not part of a pre-planned trading program.
About LTM
LTM is a company operating in the [sector/industry not provided]. The company is involved in [specific operations not detailed], with its headquarters located in [location not provided]. The company is led by CEO [name not provided], employing [number not provided] people.
Bottom Line
Jefferies' reiteration of a buy rating with a $70 target indicates continued confidence in LTM's prospects. With shares trading at $54.54, investors are closely watching institutional movements and analyst opinions. It's important to note that analyst ratings and target prices reflect their views at the time of the report and are subject to change.
$LTM price target
LATAM Airlines Group S.A. daily closes and this analyst's $70 target. Not advice.
Related Filing Alerts
Source: Jefferies's rating change on $LTM (Jun 18, 2026). Written by software, not financial advice. How we make alerts