American Airlines AAL shares are trading lower on Wednesday after Berenberg downgraded the stock from Hold to Sell and lowered the price target from $14 to $10 per share.
American Airlines is the world's largest airline by scheduled revenue passenger miles. The firm's major hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. After completing a major fleet renewal, the company has the youngest fleet of U.S. legacy carriers.
American Airlines's stock traded down 1.83% to $12.86 per share on Wednesday. The stock has a 52-week high of $31.67 and a 52-week low of $8.25.
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