Rothschild & Co Redburn downgraded American Airlines (AAL) to Neutral from Buy with a $12.50 price target Domestic airline capacity growth is accelerating through this year, and the Iran conflict will add “disruptive pressures and material fuel cost inflation,” the analyst tells investors in a research note. The firm says higher fuel prices result in a material cut to its airlines forecasts and an expectation of substantial consensus cuts this year. As a result of its lowered forecasts, Rothschild downgraded American to Neutral.
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