Analyst upgrades AMR from "sell" to "neutral"

08/30/2011 | Barron's (subscription required)

James Higgins, an analyst at Ticonderoga Securities, has lifted his outlook on American Airlines' parent, AMR, from "sell" to "neutral." Higgins praised AMR's decision to buy 460 Boeing 737 planes, which will build a more fuel-efficient fleet with lower maintenance costs. "In our view, there are far better opportunities in this beaten-down group, but with ample cash and a scant $1.1 billion in equity market value representing only 6% of adjusted enterprise value, we believe the reward/risk outlook for the shares is close to even," said Higgins.

View Full Article in:

Barron's (subscription required)

Published in Brief:

SmartBrief Job Listings for Transportation

Job Title Company Location
Director System Operations Duty
JetBlue Airways
New York, NY
Manager, Corporate Events
Aerospace Industries Association
Arlington, VA
Account Manager - Airline/Field Sales
United Airlines
Brussels
Engineer - Project Engineering - Propulsion
United Airlines
Chicago, IL
Liaison Engineer
Aerospace Quality Research and Development
Columbus, OH