UPDATE: Susquehanna Upgrades American Airlines (AAL) to Neutral

July 27, 2021 6:11 AM EDT
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Price: $21.54 +0.33%

Rating Summary:
    9 Buy, 14 Hold, 8 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 12 | New: 30
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(Updated - July 27, 2021 6:59 AM EDT)

Susquehanna analyst Christopher Stathoulopoulos upgraded American Airlines (NASDAQ: AAL) from Negative to Neutral.

The analyst comments "Given the ongoing recovery in U.S. domestic travel (i.e. leisure & VFR, with early signs of a gradual recovery in corporate), we’re closing out our Negative rating on AAL and moving to Neutral. Our updated thesis assumes that: 1) the existing vaccines for COVID-19 can continue to generate an immune response against any existing or new variants, and by extension, 2) any stringent social distances measures and/ or lockdowns are not re-instated into 2H21, which should support 3) a continued, sequential improvement in demand into 2022, and 4) AAL’s ability to paydown debt. "

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 $22.09 yesterday.

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Susquehanna International Group of Companies