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Bernstein upgrades American Airlines, says stock can surge nearly 40%

by Robert Van Pash (Editor)
December 10, 2024
in American Airlines
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An improving industry backdrop and a new credit card deal has Bernstein enthusiastic about American Airlines . The firm upgraded the airline to outperform from market perform and raised its price target to $24 from $14. The new price target implies shares can rally nearly 40% from Monday’s close. Analyst David Vernon said positive pricing and revenue trends across the industry are reflected in American Airlines’ fourth-quarter earnings guidance. The company in October said it sees an…

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