American Airlines (AAL) fell 1.1% premarket after Raymond James cut its rating to 'Market Perform' from 'Outperform,' citing stretched valuation and better trends at Alaska Air. AAL had beaten Q2 profit forecasts but guided for a Q3 loss of $0.10-$0.60 per share. Retail sentiment on Stocktwits was bearish, with the stock already down 22% this year amid tariff-driven travel uncertainty.