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Upgrade Alert for Lan Airlines (LFL)

By Amy Schwartz

Lan Airlines (NYSE:LFL) was upgraded from Underperform to Neutral at BofA/Merrill today. The stock closed yesterday at $6.91 on volume of 684,000 shares, above average daily volume of 458,000.

Over the past year, Lan Airlines has traded in a range of $4.35 to $9.85 and closed yesterday at $6.91, 59% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

Lan Airlines S.A. provides domestic and international passenger and cargo air services. The Company operates in Chile, the United States, the South Pacific, Europe, and Latin America.

Based on a current price of $6.91, Lan Airlines is currently 12.6% above its average consensus analyst price target of $6.04. The stock should find initial support at its 50-day moving average (MA) of $6.77 and further support at its 200-day MA of $5.77.

SmarTrend is tracking the current trend status for Lan Airlines and will alert subscribers who have LFL in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades LAN Airlines

Ticker(s): LFL