American Airlines price target raised to $20 from $18 at Cowen

Cowen analyst Helane Becker raised the firm’s price target on American Airlines to $20 from $18 and keeps a Market Perform rating on the shares. The analyst said its 1Q guidance reflects the strong demand environment. Management expects the strength in demand will continue into the summer. They are seeing robust international bookings which is consistent with a shift in mix to international business traffic and leisure traffic that continues recovering.