Barclays Maintains Underweight on American Airlines Group, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski has maintained an Underweight rating on American Airlines Group (NASDAQ:AAL) but increased the price target from $13 to $14.
January 26, 2024 | 6:24 pm
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Barclays maintains an Underweight rating on American Airlines Group but raises the price target from $13 to $14.
While the increase in price target from $13 to $14 suggests a slightly more positive outlook on the stock's valuation, the Underweight rating indicates that Barclays still views the stock as likely to underperform the broader market or its sector. This mixed signal could lead to a neutral short-term impact on the stock price as the market digests both the positive and negative aspects of the analyst's view.
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IMPORTANCE 75
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