Raymond James analyst Savanthi Syth lowered the firm’s price target on American Airlines (AAL) to $15 from $23 and keeps an Outperform rating on the shares. The firm cites an attractive risk-reward supported by idiosyncratic near-term earnings drivers and healthy free cash flow for the price target upgrade. American will likely need to cut the full-year guide, similar to peers, the analyst tells investors in a research note.
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