American Airlines Group shares are trading lower after the company lowered its Q2 adjusted EPS guidance. Also, Jefferies downgraded the stock from Buy to Hold and lowered its price target from $17 to $12.
Portfolio Pulse from Benzinga Newsdesk
American Airlines Group shares are trading lower after the company lowered its Q2 adjusted EPS guidance. Additionally, Jefferies downgraded the stock from Buy to Hold and reduced its price target from $17 to $12.
May 29, 2024 | 11:56 am
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American Airlines Group shares are trading lower due to a reduction in Q2 adjusted EPS guidance and a downgrade from Jefferies, which also lowered its price target from $17 to $12.
The combination of lowered Q2 adjusted EPS guidance and a downgrade from Jefferies, including a significant reduction in the price target, is likely to negatively impact investor sentiment and the stock price in the short term.
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