Dahlman Rose Rates AMR At Sell (AMR)

Dahlman Rose & Co. has a Sell rating and a $4.50 price target on AMR Corporation AMR after it reported earnings. In a note to clients, Dahlman Rose writes, "AMR Corp. reported 1Q11 EPS of ($1.21) comparing favorably to our estimate and the consensus estimate of ($1.36) and ($1.32) respectively. In general the results were relatively in line with our expectations, although revenue was slightly higher and operating expenses were slightly lower than we estimated, which was the difference between our estimate and reported results. Total revenue in the quarter increased by 9.2%, with mainline passenger revenue up by 7.9% and regional up by 16.0%. Jet fuel averaged $2.75/gallon during the quarter, up by 23.6% from $2.22/gallon." Shares of AMR lost 9 cents to $5.55, a loss of 1.6%.