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
|Feb 2017||Bernstein||Upgrades||Underperform||Market Perform|
|Jan 2017||Cowen & Co.||Downgrades||Outperform||Market Perform|
|Dec 2016||Barclays||Initiates Coverage On||Equal-Weight|
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