American Airlines Is 'A Guide And Beat Story,' Analyst Says As Stock Gets Upgrade
Portfolio Pulse from Priya Nigam
American Airlines Group Inc (NASDAQ: AAL) reported a 75% decline in Q4 adjusted earnings to 29 cents per share, beating consensus estimates. Seaport Research Partners upgraded AAL from Neutral to Buy with a $23 price target, citing a compelling earnings trajectory and benefits from a digital transformation. Evercore ISI maintained an In-Line rating with a $17 price target, noting an earnings beat due to lower non-fuel costs and seeing domestic revenue as a significant opportunity. AAL shares fell 1.40% to $15.14.
January 29, 2024 | 2:27 pm
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American Airlines beat Q4 earnings estimates and received an upgrade from Seaport Research Partners to Buy with a $23 target. Evercore ISI maintained an In-Line rating with a $17 target. The stock experienced a slight decline.
The upgrade by Seaport Research Partners to a Buy rating and the maintenance of the In-Line rating by Evercore ISI, combined with the earnings beat, suggest a positive outlook for AAL. However, the slight stock price decline indicates market reactions may be mixed in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100