Credit Suisse Analyst Bearish on Airline Giant American Airlines Group Inc (AAL)
American Airlines Group Inc (NASDAQ:AAL) received a Sell rating today with a $28 price target from Credit Suisse analyst Julie Yates. The analyst believes that AAL is unattractive due to its high leverage and low levels of free cash flow, which will only get worse as fuel prices rise. The analyst doesn’t believe that investors will “have the appetite for AAL’s leverage,” especially if the industry’s fundamentals do not improve.
American Airlines has an analyst consensus of Moderate Buy on TipRanks, with a price target consensus of $44.29, marking a 62% upside from current levels.