Citi analyst Stephen Trent maintains $American Airlines (AAL.US)$ with a buy rating, and adjusts the target price from $13.5 to $16.
According to TipRanks data, the analyst has a success rate of 60.3% and a total average return of 17.7% 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 seen with optimism towards the higher end of the range, with the expectation that the airline will revitalize its corporate business and benefit from new credit card economics. However, the cautious stance is influenced by considerations of the company's valuation and net leverage.
The firm holds the view that the fundamentals for American Airlines have reached their lowest point. The overarching investment narrative is consistent post-earnings announcement.
The recent quarterly performance of American Airlines surpassed expectations, with previous revenue challenges shifting to advantages. It is anticipated that the company's shift from its former strategy will foster continued revenue growth into the end of the year and thereafter.
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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