American Airlines earnings selloff a buying opportunity, says Deutsche Bank

Deutsche Bank views the post-earnings selloff in shares of American Airlines (AAL) as a buying opportunity. Despite a better than expected December quarter result, the stock was down 9% for the day, the analyst tells investors in a research note. The firm thinks investors were disappointed by American’s March quarter guide, which calls for a loss. However, investors are underestimating American ‘s revenue generation power as illustrated by the December quarter revenue beat, contends Deutsche Bank. The firm keeps a Buy rating on the shares with a $24 price target