Susquehanna lowered the firm’s price target on American Airlines (AAL) to $18 from $20 and keeps a Neutral rating on the shares. The firm updated targets in the airline space following the Q4 results. United (UAL), Alaska Air (ALK) and Delta (DAL) remain Susquehanna’s top picks within the group, citing network depth and breadth, revenue diversity, and growing contribution from loyalty programs supporting industry-leading outcomes in unit metrics and margins.
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