Evercore ***yst Duane Pfennigwerth maintains $American Airlines (AAL.US)$ with a hold rating, and adjusts the target price from $13 to $12.
According to TipRanks data, the ***yst has a success rate of 42.2% and a total ***erage return of -2.7% over the past year.
Furthermore,accordingtothecomprehensivereport,theopinionsof$American Airlines (AAL.US)$'s main ***ysts recently are as follows:
Observations indicate a September turning point in domestic unit revenue for airlines, transitioning from speculative discussion to concrete guidance enhancements by multiple carriers. Nonetheless, the volatility observed in stock markets and investor sentiment still outpaces the stability of underlying earnings according to recent industry ***ysis.
The expectations for American Airlines' third and fourth quarter results are relatively modest, and it is anticipated that the outcomes and guidance provided will surpass these. Despite this, there remain persistent concerns regarding the airline's network and product challenges, as well as the effectiveness of management's strategies to align with industry counterparts.
September could serve as the pivotal moment for the return to normalcy for airlines, with rationalization of U.S. domestic schedules by 1-2 points, which is expected to drive third-quarter revenue per ***ailable seat mile (RASM) increases. This is anticipated to position U.S. airlines for a sequential improvement in the fourth quarter and continuing into 2025.
Note:
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Success rate is the number of the ***yst'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 ***erage return is the ***erage rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the ***yst's preliminary rating and are adjusted according to the changes in the rating.
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标签： #Airlines
