Evercore analyst Duane Pfennigwerth maintains $American Airlines (AAL.US)$ with a hold rating, and adjusts the target price from $12 to $13.
According to TipRanks data, the analyst has a success rate of 46.6% and a total average return of -0.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $American Airlines (AAL.US)$'s main analysts recently are as follows:
The forecast for American Airlines is now leaning towards the higher end of expectations, with the anticipation of significant growth opportunities by 2025 through the reconstruction of its corporate business and refreshment of credit card economics. The less favorable outlook is influenced by considerations regarding the company's valuation and net leverage.
The perspective on American Airlines' fundamentals suggests they have reached a low point. The overarching investment narrative continues to hold steady after the company's earnings announcement.
American Airlines' September quarter results surpassed expectations, transitioning revenue challenges into advantages. The reversal from the company's previous approach is anticipated to propel revenue growth towards the year's end and in the future.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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