Analysts at TD Cowen lowered the worth goal on American Airways (NASDAQ:) to $16.00 (from $18.00) whereas sustaining a Purchase score.
The analysts commented, “Final night time AMC, AAL introduced that their CCO is leaving in June forward of their CEO’s public look right now at 9 AM ET. They slashed their 2Q information for adj EBIT margin and adj EPS attributable to a lot weaker RASM. Doubtless no shock to buyers given prior commentary by ULCCs noting tender home income developments. The marketing strategy will likely be tweaked once more because the give attention to US home quick haul is faltering.”
