Wells Fargo Sticks to Its Hold Rating for American Airlines (AAL)
In a report released today, Christian Wetherbee from Wells Fargo maintained a Hold rating on American Airlines, with a price target of $12.00.
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Wetherbee covers the Industrials sector, focusing on stocks such as FedEx, American Airlines, and Delta Air Lines. According to TipRanks, Wetherbee has an average return of 14.9% and a 62.67% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Airlines with a $14.31 average price target.
Based on American Airlines’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $13.91 billion and a GAAP net loss of $382 million. In comparison, last year the company earned a revenue of $12.55 billion and had a GAAP net loss of $473 million
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