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American Airlines (AAL) Stock Dives After Downgrade

NEW YORK (TheStreet) -- American Airlines Group (AAL - Get Report) shares are falling 2.14% to $42.90 in early morning trading after analysts at Evercore ISI downgraded the carrier to "hold" from "buy."

The firm cited higher 2016 fuel costs for the ratings drop, reports.

Additionally, the stock is seeing fare competition from low cost carriers.

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Based in Fort Worth, American Airlines Group operates in the airline industry.

TheStreet Ratings team rates AMERICAN AIRLINES GROUP INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate AMERICAN AIRLINES GROUP INC (AAL) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative...