UPDATE: Morgan Stanley Reiterates on American Airlines Group on Tremendous Untapped Opportunity
In a report published Monday, Morgan Stanley analyst John D. Godyn reiterated an Overweight rating on American Airlines Group (NASDAQ: AAL), and raised the price target from $43.00 to $45.00.
In the report, Morgan Stanley noted, “The tailwind of the cycle alone could support multiple points of margin expansion at AAL in itself. But – even above and beyond the cycle – we see tremendous untapped opportunity in AAL's network that is likely to amplify the stock's leverage to our long-standing, bullish cycle call. Integration is a risk, but is outweighed by the opportunities we see at AAL.”
American Airlines Group closed on Friday at $36.11.
Latest Ratings for AAL
|Jun 2015||Morgan Stanley||Assumes||Equal-weight|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.