Workflow
American Airlines Stock Pops After Analyst Upgrade
AAGAAG(US:AAL) Schaeffers Research·2024-01-08 23:23

The shares of American Airlines Group Inc (NASDAQ:AAL) are up 5.3% at 14.32thismorning,brushingoffBoeing′s(BA)dramaandflightcancellationsfollowingabullnoteformMorganStanley.ThefirmupgradedAALto"overweight"from"equalweight"onanimprovingbalancesheetandimpressivepost−pandemicperformance.Inadditiontotheupgrade,Bernsteinraiseditspricetargetonthesecurityto14.32 this morning, brushing off Boeing's (BA) drama and flight cancellations following a bull note form Morgan Stanley. The firm upgraded AAL to "overweight" from "equal weight" on an improving balance sheet and impressive post-pandemic performance.In addition to the upgrade, Bernstein raised its price target on the security to 20 from $19. The brokerage bunch was pessimistic towards the equity coming into today, with just three of 16 ...