Citi analyst Stephen Trent lowered the firm’s price target on American Airlines to $17.50 from $18.50 and keeps a Neutral rating on the shares. American seems likely to continue on its improving trend, including reducing its leverage and maintaining profitability, the firm says. However, in light of its relative revenue growth tailwinds, there do not seem to be compelling reasons to buy the shares today, Citi adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AAL:
- American Airlines increases offer to pilots by $1B, matches United, Reuters says
- Unusually active option classes on open July 20th
- American Airlines says ‘real interest’ in taking care of pilots
- American Airlines says no fleet replacement needs through end of decade
- American Airlines expects to match wages United is proposing for pilots