TD Cowen analyst Tom Fitzgerald raised the firm’s price target on American Airlines (AAL) to $30 from $25 and keeps a Buy rating on the shares. The firm updated its model to reflect actual 2024 results and management’s latest guidance. Management sounded confident on last week’s call and Cowen can now envision a lot of upsides to 2025 guidance if corporate traffic recapture comes in ahead of schedule momentum in credit card spend, recent execution, and solid domestic pricing.
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