American Airlines Group Inc. (NASDAQ:AAL) shares are trading lower after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $19 to $18.
Goldman Sachs analyst Catherine O'Brien noted "We remain positive on the path to profitability recovery for the airlines over the medium-term, but we are reducing our Dec Q 2021/2022 outlooks due to higher fuel/worse short-term revenue trends. Heading into 2022, we are forecasting capacity growth to be elevated and for pricing to lag the recovery in traffic."
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in several cities and countries.
American Airlines' stock was trading about 2.3% lower at $20.97 per share on Wednesday at the time of publication. The stock has a 52-week high of $26.09 and a 52-week low of $10.63.