Hudson Securities provided color on AMR AMR in a research report published today. Hudson Securities has previously given AMR a Neutral rating and $8 price target.
In the report, Hudson Securities states, "The group sold off on a jump in fuel prices, but also AMR's rev outlook which disappointed most. However, extrapolating AMR's revenue results to others is incorrect as AMR's revenues are marching to the beat of a different drummer given its Expedia/Orbitz dispute & separately, competitive challenges from UAL, DAL, & LCC on int'l routes (e.g. LRH & Brazil), thereby depressing AMR's overall PRASM performance vs others. We believe revenue announcements from others likely prove encouraging (ALGT, LUV, and UAL)."
Shares of AMR were trading at $6.51 in pre-market trading at the time of posting, down 0.76% from Tuesday's market close.
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