American Airlines (AAL) stock tumbled 5.39% in extended trading on Sunday, following a downgrade from Jefferies analyst Sheila Kahyaoglu. The analyst lowered the rating on AAL from a previous stance to a Hold, signaling a less optimistic outlook for the airline's near-term prospects.
The downgrade comes at a time when the airline industry continues to face challenges in the post-pandemic recovery period. While Jefferies did not immediately disclose the specific reasons for the rating change, such moves are typically based on factors like financial performance, market conditions, or industry trends that may impact the company's growth potential.
This development could potentially pressure American Airlines' stock as markets open for regular trading. Investors will likely be closely monitoring the company's response and any additional analyst commentary to gauge the full impact of this downgrade on AAL's future performance and market position.
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