This Latam Utility Hit My Target (+40%) in 3 Months. Now What?
The call played out. The model is refreshed. But my updated rating might surprise you.
Back in January, I published a deep dive on a Latin American utility offering 40% upside.
Three months later, it touched my target price. The rerating played out faster than I expected.
The stock has since pulled back a bit, Q4 results just dropped, and I’ve refreshed the model. The new target is 30% higher. But my rating has changed too, and probably not in the direction you’d expect.