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An improving industry backdrop and a new credit card deal has Bernstein enthusiastic about American Airlines . Analyst David Vernon said positive pricing and revenue trends across the industry are reflected in American Airlines' fourth-quarter earnings guidance. For the year, American Airlines expects to earn as much as $1.60 a share on an adjusted basis, exceeding analyst expectations. AAL YTD mountain AAL in 2024 "American Airlines [is] closer to a have than a have-not," Vernon wrote in a Monday note. Of the 23 analysts who cover American Airlines, 15 rate it as a hold, while seven have buy or strong buy ratings, per LSEG.
Persons: Bernstein, David Vernon, Vernon Organizations: American Airlines, Airlines, Citi Locations: Monday's, Vernon
Investors are in the final stretch of 2024, and many are moving money from the year's big winners into the biggest losers. The 25 biggest laggards in the index year to date had a much better day. "Investors were selling winners and buying losers to quite an extreme degree." "American Airlines [is] closer to a have than a have-not," analyst David Vernon wrote in a note. AAL's ability to more easily pay down its debts enhances the company's outlook," Vernon wrote.
Persons: Russell, Wolfspeed, Lucid, it's, NVDA, Wolfe, Rob Ginsberg, Bernstein, David Vernon, Vernon, remunerations Organizations: Investment Group, Nvidia, Wolfe Research, Airlines, Citi Locations: China, Wall
People relax in the sun of the bank the River Thames, with the The City of London financial district in the distance, in London, Britain, June 16, 2022. The CityUK, which promotes UK financial services abroad, said Britain must make a competitive and compelling offer to lift growth, but there is no magic bullet. DEREGULATION PUSHThe City is largely locked out of the EU since Brexit and financial services were excluded from the UK's trade deal with the bloc. Kwarteng said the financial services sector will be at the heart of the government's programme to drive growth in the economy. "To reaffirm the UK's status as the world's financial services centre, I will set out an ambitious package of regulatory reforms later in the autumn," Kwarteng said.
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