Bernstein upgrades American Airlines due to improved industry conditions and lucrative credit card deal.

From Investing.com: 2024-12-10 12:29:36

Bernstein analysts upgraded American Airlines to Outperform, citing improved industry conditions and a lucrative credit card deal. They raised the price target to $24 and increased 2024 earnings guidance by 73% to $0.55-$0.75 per share. The exclusive partnership with Citi is expected to boost revenue by $1.5 billion annually, addressing debt concerns and strengthening the airline’s financial position.



Read more at Investing.com: Bernstein upgrades American Airlines, ‘closer to a have than a have-not’ By Investing.com