TD Cowen Upgrades American Airlines Group to Outperform, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Helane Becker has upgraded American Airlines Group (AAL) from Market Perform to Outperform and increased the price target from $14 to $21, indicating a positive outlook for the company's stock.
January 26, 2024 | 11:27 am
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American Airlines Group's stock rating has been upgraded by TD Cowen from Market Perform to Outperform, with a price target boost from $14 to $21, suggesting a bullish stance on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect an improved outlook on the company's performance. The substantial increase in the price target from $14 to $21 by a reputable analyst like Helane Becker is likely to instill confidence among investors and could result in a short-term increase in the stock price of American Airlines Group.
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