Goldman Sachs maintains a Buy rating on Andina after updating their model for 1Q26 results, though they lowered the 12-month target price to CLP5,725 due to valuation updates.
Key Takeaways
- 1.Maintains Buy rating on Andina despite lowering price targets due to valuation adjustments (higher WACC and updated peer multiples).
- 2.2026 EBITDA margin forecasts for Chile were adjusted upward due to benign FX, operating efficiencies, and moderating competition.
- 3.EPS forecasts for 2026-2028 remain largely unchanged, and Goldman remains ahead of Bloomberg consensus.
Table of Contents
- Andina model summary
- GS Forecast
- Disclosure Appendix
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Company-specific regulatory disclosures
- Distribution of ratings/investment banking relationships
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
- Ratings, coverage universe and related definitions
- Global product; distributing entities
- General disclosures
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Thiago BortoluciNicolas Sussmann
Securities
ANDINAB.SNAKO_B
Themes
Operational Efficiency vs. Valuation Headwinds
Regions
Latin AmericaChileBrazilArgentina