Evercore analyst Duane Pfennigwerth maintains $American Airlines (AAL.US)$ with a hold rating, and adjusts the target price from $13 to $12.
According to TipRanks data, the analyst has a success rate of 42.2% and a total average return of -2.7% 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 firm is revising its estimates across its airline portfolio in anticipation of Q3 disclosures, pointing out that September saw a turning point in domestic unit revenue. It has been observed that the improved supply theory, which has been discussed for some time, has transitioned from being a mere narrative to influencing the guidance upgrades issued by multiple carriers. Nevertheless, it was noted that the volatility of the stocks and market sentiment is still more pronounced than the fluctuations in underlying earnings.
The expectations for American Airlines' third and fourth quarter results are modest, and it is anticipated that the outcomes and future guidance will surpass these. Despite this, there remain persistent concerns regarding the airline's network and product challenges, as well as management's ability to bridge the performance disparity with competitors.
September might represent a pivotal moment for the normalization of the airline industry, with U.S. domestic schedules being rationalized slightly, contributing to enhanced revenue per available seat mile (RASM) in the third quarter. This change is anticipated to pave the way for steady enhancements in the fourth quarter and onwards into 2025.
Note:
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