American Airlines Analysts Boost Their Forecasts After Better-Than-Expected Earnings
Portfolio Pulse from Avi Kapoor
American Airlines reported better-than-expected Q3 earnings, with revenue growth of 1.2% and adjusted EPS of 30 cents, beating consensus estimates. The company updated its 2024 EPS outlook to $1.35-$1.60, higher than previous guidance. Analysts have adjusted their price targets for AAL, with JP Morgan raising it to $20, B of A Securities to $10, and TD Cowen to $10.
October 25, 2024 | 7:20 pm
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American Airlines reported better-than-expected Q3 earnings, with revenue growth and adjusted EPS surpassing consensus estimates. The company raised its 2024 EPS outlook, leading analysts to adjust their price targets upwards.
The better-than-expected earnings and raised EPS outlook for 2024 are positive indicators for AAL's financial health, likely boosting investor confidence. Analysts' increased price targets further support a positive short-term impact on AAL's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100