Raymond James upgrades American Airlines on improved revenue view
30/12/2024 12:51
** American Airlines Group shares AAL.O rise 0.7% to
$17.48 premarket
** Raymond James upgrades rating to "market perform" from
"outperform," sets PT of $24
** Says upgrades AAL on "attractive risk-reward and above
consensus forecast, which reflects an improved revenue outlook
following the early-December update"
** Also cites "attractive competitive capacity set up, and
anecdotal evidence of improved engagement with contracted
corporate customers"
** Eight brokerages rate AAL "buy" or higher, 14 "hold" and
one "sell; their median PT is $18 - LSEG compiled data
** Raymond James also lifts price targets of peer Southwest
Airlines LUV.N to $40 from $36, United Airlines UAL.O to
$120 from $90, SkyWest SKYW.O to $120 from $114 and Allegiant
Travel ALGT.O to $110 from $75
** As of last close, AAL had risen 26.3% YTD, compared with
a 56.5% increase in the S&P 500 Passenger Airlines index
.SPLRCALI YTD
(Reporting by Aatreyee Dasgupta)
((Aatreyee.Dasgupta@thomsonreuters.com))