American Airlines Fell More than 9% Due to Rating Downgrade

American Airlines Fell More than 9% Due to Rating Downgrade

American Airlines (AAL) shares fell more than 9% on December 7 after Wolfe Research analyst Hunter Keay’s comments in a note to clients. Keay questioned the bullish arguments about the industry. Keay downgraded his rating on American Airlines stock. Keay has a “peer perform” rating on American Airlines—compared to the previous “outperform” recommendation.