American Airlines price target cut to $14 from $15 at Raymond James

Raymond James lowered the firm’s price target on American Airlines (AAL) to $14 from $15 and keeps an Outperform rating on the shares. The firm sees an attractive risk-reward supported by idiosyncratic earnings drivers. While American is not immune to domestic main cabin weakness, relative sequential revenue and cost trends are encouraging, the analyst tells investors in a research note.