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Fly News Breaks for June 23, 2015
AAL
Jun 23, 2015 | 07:03 EDT
Morgan Stanley assumed coverage on American Airlines with an Equal Weight rating from an Overweight rating and lowered its price target to $49 from $62. The firm's analyst said American Airlines has one of the higher risk profiles vs. peers given its continued merger integration with US Airways, higher debt levels, underfunded pension obligations, and intensive capital fleet programs, and more fixed obligations.
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