12-Jan-2011 3:23 PM
American Airlines outlook downgraded; TAM's improving
Analysis
American Airlines shares dropped 5.9% yesterday. The company's outlook was downgraded from "buy" to "neutral" by UBS. UBS believes that the carrier's efforts to cut distribution costs, by switching to direct connection with online users, rather than third party providers, is "very likely" to damage its near-term earnings.
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