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Fly News Breaks for July 6, 2016
AAL
Jul 6, 2016 | 06:44 EDT
Credit Suisse analyst Jule Yates downgraded American Airlines two notches to Underperform from Outperform citing high leverage, weaker free cash flow, and a lofty valuation. The analyst said fuel has risen and yields do not appear to be rising anytime soon, combined with increasing international headwinds and weak corporate demand trends will lead to a worsening free cash flow picture. Yates lowered American Airlines' price target to $28 from $47 on shares.
News For AAL From the Last 2 Days
AAL
Apr 18, 2024 | 10:26 EDT
Bullish option flow detected in American Airlines with 26,130 calls trading, 3x expected, and implied vol increasing almost 2 points to 47.44%. 4/26 weekly 14.5 calls and Apr-24 14.5 calls are the most active options, with total volume in those strikes near 8,400 contracts. The Put/Call Ratio is 0.37. Earnings are expected on April 25th.