Canaccord analyst Ken Herbert maintained his Buy rating and $48 price target on AMR Corp following the company's Q3 results and news that it will pursue the sale of its COCO business, which he called a "positive." In a research note to investors, Herbert acknowledged that management "seemed to struggle" with outlining the financial impact of the COCO exit relative to fiscal 2019 guidance, and noted that "there is a lack of obvious buyers" for the unit. He continues to like AMR for its position in the commercial after market, and believes the company will deliver on FY19 guidance, EPS and free cash flow in particular.