Susquehanna raised the firm’s price target on American Airlines (AAL) to $12 from $10 and keeps a Neutral rating on the shares as part of a Q3 earnings preview for the airlines group. The U.S. airline industry is in the “early-to-middle innings of a wholesale change,” driven by product de-commoditization via a technology-driven merchandising platform. Susquehanna continues to highlight United Airlines (UAL), Delta Air Lines (DAL) and Alaska Air (ALK) as best positioned to benefit from this trend.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAL:
- Mixed options sentiment in American Airlines with shares up 0.36%
- American Airlines price target raised to $13 from $12 at Jefferies
- Option traders moderately bearish in American Airlines with shares down 2.02%
- American Airlines price target raised to $14 from $13 at Evercore ISI
- American Airlines price target raised to $13 from $12 at UBS