American Airlines (AAL) Offers Upside At A Low Valuation, PT To $46 At Imperial

Imperial Capital analyst, Michael Derchin, reiterated his Outperform rating on shares of American Airlines (NASDAQ: AAL) and raised his price target to $46 from $42 after the company indicated FY19 EPS is likely to be $5.50-7.50 and 1Q19 unit revenues are expected to increase 0-2%. Management expects unit cost growth to peak in 1Q19 and unit revenue growth to outperform its Big 3 peers (Delta and United).

The analyst stated "Shares are attractive considering Earnings and Unit Revenue upside relative to its Big 3 Peers and valuations reflecting low expectations".

For an analyst ratings summary and ratings history on American Airlines click here. For more ratings news on American Airlines click here.

Shares of American Airlines closed at $33.66 yesterday.

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