by Christopher Freeburn | January 29, 2014 10:17 am
American Airlines Group (AAL) is improving in the eyes of a number of Wall Street analysts, 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) 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) $41 a share and Deutsche Bank’s (DB) $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, which initially sued to block the combination.
AAL stock closed at $31.96 a share on Tuesday.
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