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Liberty Latin America price target lowered to $10 from $12 at Pivotal Research

Pivotal Research analyst Jeffrey Wlodarczak lowered the firm’s price target on Liberty Latin America (LILAK) to $10 from $12 and keeps a Buy rating on the shares. The firm reduced estimates following the company’s “mixed” Q4 results, driven by management’s push to stabilize Liberty’s Puerto Rican wireless results. However, the firm believes the stock’s valuation has likely bottomed.

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