American Airlines price target raised to $13 from $12 at BofA

BofA raised the firm’s price target on American Airlines (AAL) to $13 from $12 and keeps a Neutral rating on the shares. Q2 EPS beat the firm’s and Street’s forecasts, driven by both slightly better unit revenues and unit costs, though the Q3 EPS outlook was below the firm’s and Street’s forecasts as the total revenue growth outlook missed expectations at the midpoint, the analyst tells investors. The firm is rolling forward its valuation to be based on its 2026 EBTIDAR estimate, the analyst noted.