TD Cowen raised the firm’s price target on American Airlines to $9 from $7 and keeps a Hold rating on the shares. The firm said the bar for 3Q and 4Q results is quite low and they expect results/guidance to both come in above. Cowen remains concerned about long-term headwinds around network and product and the degree to which management can close the gap with peers.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
Read More on AAL:
- American Airlines price target raised to $11 from $10 at Jefferies
- American Airlines put volume heavy and directionally bearish
- Civilian pilots increasingly encounter GPS spoofing on flights, WSJ reports
- American Airlines (NASDAQ:AAL) Slips on Credit Card Shuffle
- Here’s Why Delta Air Lines’ (NYSE:DAL) Stock Can Fly Higher