Barclays Maintains an 'Overweight' on AMR Corp (AMR); Urgency Surrounding Labor Makes Sense
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Price: $0.24 --0%
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade AMR Now!
Barclays maintains an 'Overweight' on AMR Corp (NYSE: AMR) price target of $8.00.
Barclays analyst says, "AMR's labor negotiations are generating headlines, and we are encouraged to see some urgency surrounding these negotiations. Under AMR's construct, savings will take time to develop, and there's no sense wasting it. We also believe declining relative revenue performance punctuates the need for competitive labor costs sooner rather than later. We hope capacity reductions, initially driven by unexpected pilot retirements, will be a catalyst to improve that relative performance. Despite clear difficulties ahead, we still see optionality in AMR equity from depressed levels. However, we see better risk-reward dynamics for others in the industry. Top picks remain United (NYSE: UAL) and Delta (NYSE: DAL)."
For an analyst ratings summary and ratings history on AMR Corp click here. For more ratings news on AMR Corp click here.
Shares of AMR Corp closed at $1.82 yesterday, with a 52 week range of $1.75-$8.89.
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Barclays analyst says, "AMR's labor negotiations are generating headlines, and we are encouraged to see some urgency surrounding these negotiations. Under AMR's construct, savings will take time to develop, and there's no sense wasting it. We also believe declining relative revenue performance punctuates the need for competitive labor costs sooner rather than later. We hope capacity reductions, initially driven by unexpected pilot retirements, will be a catalyst to improve that relative performance. Despite clear difficulties ahead, we still see optionality in AMR equity from depressed levels. However, we see better risk-reward dynamics for others in the industry. Top picks remain United (NYSE: UAL) and Delta (NYSE: DAL)."
For an analyst ratings summary and ratings history on AMR Corp click here. For more ratings news on AMR Corp click here.
Shares of AMR Corp closed at $1.82 yesterday, with a 52 week range of $1.75-$8.89.
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