Worst Research Call Of The Month: Soleil Downgrades Airlines (AMR)(CAL)(UAUA)
Soleil has downgraded the airlines industry from “outperform” from “neutral”. The call is not only about six months late, the downgrade should be to “sell”.
The firm did have the sense to downgrade AMR (AMR) to “sell” along with United (UAUA). Continental (CAL) was only dropped to “hold”.
It is the worst research call of the month.
Douglas A. McIntyre