Liberty Latin America price target raised to $8.20 from $5.10 at Scotiabank

Scotiabank analyst Andres Coello raised the firm’s price target on Liberty Latin America (LILAK) to $8.20 from $5.10 and keeps a Sector Perform rating on the shares. While the firm agrees separating Puerto Rico will reduce leverage and funding costs, Scotiabank wonders if this had to be done at such a price, especially when considering the company allocated $2.7B in capital to Puerto Rico, the analyst tells investors.