Imperial Capital analyst, Michael Derchin, reiterated his Outperform rating on shares of American Airlines (NASDAQ: AAL) and raised his price target to $46 from $42 after the company indicated FY19 EPS is likely to be $5.50-7.50 and 1Q19 unit revenues are expected to increase 0-2%. Management expects unit cost growth to peak in 1Q19 and unit revenue growth to outperform its Big 3 peers (Delta and United).

The analyst stated "Shares are attractive considering Earnings and Unit Revenue upside relative to its Big 3 Peers and valuations reflecting low expectations".

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Shares of American Airlines closed at $33.66 yesterday.