Deutsche Bank analyst Michael Linenberg raised the firm’s price target on American Airlines (AAL) to $16 from $14 and keeps a Buy rating on the shares. The company’s September quarter results came in better than expectations as revenue headwinds turn to tailwinds, the analyst tells investors in a research note. The firm thinks American’s reversal of its prior strategy will drive revenue tailwinds into year-end and beyond.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAL:
- DOJ, DOT launch broad public inquiry into state of competition in air travel
- Boeing union rejects latest offer, Tesla reports Q3 beat: Morning Buzz
- AAL Earnings: American Airlines Beats Estimates in Q3, Raises Outlook
- Unusually active option classes on open October 24th
- American Airlines sees strong demand overall in Q4