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American Airlines (AAL) Stock Down, Imperial: Management 'Will Be Tested'

NEW YORK (TheStreet) -- Shares of American Airlines (AAL) were down in late-afternoon trade on Friday as Imperial Capital initiated coverage of the stock with an "in-line" rating and $90 price target in a note cited by Barron's.

Imperial said that the Forth Worth, TX-based company will soon face challenges from Britain's decision to exit the EU, terrorism, Zika virus fears and continuing revenue per available seat mile (RASM) pressures.

The firm added that although American has "strong" operating cash flows, it also has an "aggressive" CAPEX program financed by low cost debt. This could...