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What you need to know
- Shares of American Airlines surged Monday after brokerage firms Jefferies and TD Cowen upgraded their ratings to "buy" and raised their price targets on the carrier's stock.
- Jefferies said the stock "could see significant surprise to the upside in 2025."
- American Airlines shares have nearly doubled in value since they fell to a 4-year low at the end of last year.
American Airlines Group shares (AAL), which are traded on the New York Stock Exchange, surged after Jefferies and TD Cowen increased their ratings for AAL and their target prices.
Jefferies increased the price of stock by “buy” The following is a list of the most recent and relevant articles. “hold,” The price of the product was raised to $20, up from $12. Analysts said American Airlines “could see significant surprise to the upside in 2025” Thank you “ongoing corporate share recapture, lower capacity and capex,” Its exclusive credit card partnership, which will be announced soon with Citibank (C), is also a major attraction.
TD Cowen Cites 'Transitory' Headwinds for American
TD Cowen similarly upgraded the stock to "buy" from "hold" Monday, and raised its price target to $25 from $17, per reports. "In hindsight, we were too early with our upgrade a year ago and then failed to appreciate the transitory nature of their headwinds when we downgraded the shares in July," TD Cowen's Tom Fitzgerald wrote, according to Reuters.
The stock of American Airlines recently rose 4.5% to $17.74. It has nearly doubled since it fell to its four-year low price of $9.07 in August last year. In the past 12 months, its shares are up 30%, which is lower than gains made by United Airlines (UAL), Delta Air Lines(DAL) or other rivals.
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