Raymond James Upgrades American Airlines (AAL) to Outperform

Raymond James analyst Savanthi Syth upgraded American Airlines (NASDAQ: AAL) from Market Perform to Outperform with a price target of $24.00.

The analyst comments: "In conjunction with our U.S. airlines earnings preview, we are upgrading AAL from Market Perform to Outperform on an attractive risk-reward and above consensus forecast, which reflects an improved revenue outlook following the early-December update (albeit not much incremental revenue assumed from the new co-branded card deal), attractive competitive capacity set up, and anecdotal evidence of improved engagement with contracted corporate customers (albeit, likely at a price). Our revised earnings forecast in general reflect recent guidance updates, our latest competitive capacity analysis, and slightly lower fuel forecast (albeit, well above the forward curve as shown in)."

For an analyst ratings summary and ratings history on American Airlines click here. For more ratings news on American Airlines click here.

Shares of American Airlines closed at $17.35 yesterday.

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