tiprankstipranks
American Airlines price target lowered to $23 from $24 at Raymond James
The Fly

American Airlines price target lowered to $23 from $24 at Raymond James

Raymond James lowered the firm’s price target on American Airlines (AAL) to $23 from $24 and keeps an Outperform rating on the shares. American’s EPS guidance miss is largely explained by the recent steep step-up in fuel prices and cadence of year-over-year CASM-ex pressure, the analyst tells investors in a research note. Raymond James believes the stock can continue to grind higher over the next 12 months.

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App