Liberty Latin America downgraded to Underweight from Equal Weight at Barclays

Barclays downgraded Liberty Latin America (LILA) to Underweight from Equal Weight with a price target of $6.50, down from $8. With Puerto Rico’s turnaround timing unclear and the company’s rising leverage, the stock’s investment case “has become more risky,” the analyst tells investors in a research note. The firm says that while Liberty Latin America’s free cash flow generation should recover in 2025 and 2026, it would view anything outside of deleveraging as an “imprudent capital allocation.”