Wretched Wrench
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- Joined
- Apr 21, 2003
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Shares of AMR Corp. and AirTran helped drive the broader airline sector higher on Friday with a handful of carriers hitting 52-week highs.
Shares of AMR (AMR: news, chart, profile), the parent of American Airlines, rose 5.6 percent to $13.20.
Lehman Bros. analyst Gary Chase raised the stock's rating to "equal weight" from "underweight" as the industry revenue improves. He noted that revenue at American Air has outperformed the industry and that the carrier's profit potential is greater than prior estimates.
http://cbs.marketwatch.com/news/story.asp?...d=mktw&dist=nbi
Shares of AMR (AMR: news, chart, profile), the parent of American Airlines, rose 5.6 percent to $13.20.
Lehman Bros. analyst Gary Chase raised the stock's rating to "equal weight" from "underweight" as the industry revenue improves. He noted that revenue at American Air has outperformed the industry and that the carrier's profit potential is greater than prior estimates.
http://cbs.marketwatch.com/news/story.asp?...d=mktw&dist=nbi
