UPDATE: J.P. Morgan Downgrades AMR on Lack of Upside Potential

In a report published Wednesday, J.P. Morgan analyst Jamie Baker downgraded the rating on AMR (OTCMKTS: AAMRQ) from Overweight to Neutral, but raised the price target from $9.50 to $10.50. In the report, J.P. Morgan noted, “Settlement momentum allows us to boost our AMR-LCC merger probability to the 70-75% range, from