American Airlines stock gains altitude as analyst flags boost its new Citi credit card

American Airlines Group Inc.’s stock rose in premarket trading on Tuesday after the carrier drew an upgrade to outperform from market-perform on a positive industry backdrop for carriers as well as a boost from its new credit-card program with Citi.

Bernstein analyst David Vernon said American Airlines is “closer to a have than a have-not,” due to its stronger business prospects. He boosted his price target on the stock to $24 a share from $14 a share.