AAL Stock – Analyst Upgrades Push American Airlines Shares Higher

by Christopher Freeburn | January 29, 2014 10:17 am

AAL Stock – Analyst Upgrades Push American Airlines Shares Higher

American Airlines5 300x199 AAL Stock   Analyst Upgrades Push American Airlines Shares Higher[1]American Airlines Group (AAL[2]) is improving in the eyes of a number of Wall Street analysts[3], helping AAL stock climb about 3% in Wednesday morning trading.

AAL stock gained after Raymond James raised its rating for AAL stock from “Market Perform” up to “Outperform.” Analysts at Bank of America (BAC[4]) also increased their rating for AAL stock from “Underperform” to “Neutral.” Bank of America expects AAL stock to hit a price target of $34 a share, Seeking Alpha notes.

Other price targets for AAL stock include JPMorgan Chase’s (JPM[5]) $41 a share and Deutsche Bank’s (DB[6]) $42 a share. Deutsche Bank recently increased its price target for AAL stock.

American Airlines merged with US Airways last year, after negotiating a settlement with the U.S. Department of Justice[7], which initially sued to block the combination.

AAL stock closed at $31.96 a share on Tuesday.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/05/American-Airlines5.jpg
  2. AAL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAL
  3. improving in the eyes of a number of Wall Street analysts: http://seekingalpha.com/news/1533061-analysts-weighing-in-on-american-airlines-group
  4. BAC: http://studio-5.financialcontent.com/investplace/quote?Symbol=BAC
  5. JPM: http://studio-5.financialcontent.com/investplace/quote?Symbol=JPM
  6. DB: http://studio-5.financialcontent.com/investplace/quote?Symbol=DB
  7. after negotiating a settlement with the U.S. Department of Justice: http://investorplace.com/2013/11/new-american-airlines-arriving-whats-next-doj-antitrust-deal/#.UukZ8HlhOf0

Source URL: http://investorplace.com/2014/01/aal-stock-analyst-upgrades-push-american-airlines-shares-higher/
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