Citigroup Upgrades American Airlines Group to Buy, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Stephen Trent upgraded American Airlines Group (AAL) from Neutral to Buy and increased the price target from $14 to $20.
January 29, 2024 | 11:54 am
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Citigroup upgraded American Airlines Group to Buy from Neutral and raised the price target to $20, indicating a positive outlook on the company's future performance.
Upgrades by major analysts like Citigroup can lead to increased investor confidence and a potential rise in stock price. The upgrade from Neutral to Buy suggests a bullish view on AAL's future performance, and the increase in price target from $14 to $20 represents a significant expected upside, which could attract more buyers to the stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100