UBS initiated coverage of American Airlines with a Buy rating and $19 price target. The analyst expects the company should see both strong free cash flow generation and profit acceleration in the next three years. This should unlock higher equity value as American ‘s net debt moves lower and the balance sheet is de-levered, the analyst tells investors in a research note. The firm does not think this is priced into the shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AAL:
- American Airlines management to meet virtually with Seaport Research
- American Airlines (NASDAQ:AAL) Revises Q1 Forecast Amid Rising Fuel Costs
- American Airlines sees Q1 adjusted EPS at low end of (15c)-(35c) range
- Jefferies aerospace/defense analysts to hold analyst/industry conference call
- Morgan Stanley Pounds the Table on American Airlines Stock