Market Overview

Vetr Urges Buy On American Airlines While It's Still Grounded

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The Vetr crowd upgraded their rating for American Airlines Group Inc (NASDAQ: AAL) on Thursday, from 4 stars (Buy), which was issued six days ago, to 5 stars (strong Buy). Despite this upgrade, crowd sentiment for the stock is mostly cautious with 70 percent of Vetr user ratings bearish.

Vetr's upgrade comes a week after the airline company won a $15 million antitrust lawsuit against computer technology company Sabre Corp (NASDAQ: SABR) over unfair booking practices.

American Airlines is also beginning to level out of the bump it received after Warren Buffett's fund picked it and several other airline companies. The stock closed at $47.67, after dropping over a dollar from the start of the day.

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Currently, the Vetr crowd's average target price for the stock is up at $58.50, well above the average analyst target price of $45.53. Less than 2 percent of Vetr users are holding AAL in their watch lists.

Latest Ratings for AAL

DateFirmActionFromTo
Nov 2019Initiates Coverage OnSell
Oct 2019MaintainsBuy
Oct 2019MaintainsUnderweight

View More Analyst Ratings for AAL
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Crowdsourcing Analyst Ratings

 

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