LILAK - Liberty Latin America rises as Pivotal bumps price target

Liberty Latin America is higher ([[LILA]] +2%, [[LILAK]] +1.5%) after Pivotal Research reiterated its Buy rating and gave a small bump to the price target. A refresh of the model shows expectations for EBITDA growth from Puerto Rico in the mid- to high single digits, the firm says. That goes along with "solid organic RGU growth" from most markets. It expects improving free cash flow as well. In its last earnings report, the company said it delivered robust positive adjusted FCF in 2020 - and it has a goal to increase that figure 30% higher than last year. Pivotal's sum-of-the-parts valuation (using conservative multiples) spurs the firm to raise its price target on LILAK to $17, implying 25% upside.

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Liberty Latin America rises as Pivotal bumps price target