On Wednesday, Jefferies, a global investment banking firm, increased its price target for American Airlines (NASDAQ:) shares to $12.00, up from the previous target of $11.00. The firm has maintained a “Hold” rating on the stock.
The adjustment reflects a positive shift in the analyst’s expectations, citing a stable outlook for the airline’s fourth-quarter revenue metrics.
According to the analyst, American Airlines’ Total Revenue per Available Seat Mile (TRASM) is expected to remain flat…
