Investing.com — Bernstein analysts raised American Airlines (NASDAQ:) to Outperform from Market-Perform on Tuesday, highlighting a combination of an improved industry backdrop and a new co-branded credit card deal that promises to generate significant cash flow.
The firm also increased its price target for the stock to $24 from $14, reflecting the airline’s improved financial prospects.
“The pricing and revenue environment has continued to improve,” Bernstein wrote, with American…
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