Raymond James analyst Savanthi Syth upgraded American Airlines to Outperform and established a $58 price target telling investors revenue opportunities are underappreciated and will continue to drive relative unit revenue outperformance. Syth said corporate and premium customer initiatives are taking hold and adoption of Premium Economy in the international network appears strong, which could be a tailwind for the next few quarters. Additionally, he believes the opportunity to improve the cost structure is finally approaching now as integration comes together.

Notable companies reporting before tomorrow's open, with earnings consensus, include Merck (MRK), consensus $1.87... Caterpillar (CAT), consensus $5.14... Comcast (CMSCA), consensus 99c... Honeywell (HON), consensus $2.17... Bristol-Myers (BMY), consensus ($4.44)... Altria (MO), consensus $1.15... Keurig Dr. Pepper (KDP), consensus 35c... GE Vernova (GEV), consensus (37c)... Royal Caribbean (RCL), consensus $1.33... Tractor Supply (TSCO), consensus $1.72... Mobileye (MBLY), consensus (6c)... Textron (TXT), consensus $1.23... LabCorp (LH), consensus $3.48... Southwest Airlines (LUV), consensus (34c)... American Airlines (AAL), consensus (29c)... Harley-Davidson (HOG), consensus $1.51.