Spirit Airlines appoints new CEO, seen as M&A harbinger

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Credit Suisse Upgrades American Airlines (AAL) to Outperform

January 7, 2016 8:24 AM EST

Credit Suisse upgraded American Airlines (NASDAQ: AAL) from Neutral to Outperform with a price target of $57.00 (from $52.00).

Analyst Julie Yates commented, "At 6.9x our taxed 2016E, we see more favorable risk/reward in 2016 than 2015. Integration challenges are largely behind & AAL might have the most control of pricing in 2016 following aggressive actions in 2015... More