Raymond James analyst Savanthi Syth upgraded American Airlines (AAL) to Outperform from Market Perform with a $24 price target The firm sees an attractive risk/reward on the shares into Q4 earnings given its above-consensus forecasts, which reflects an improved revenue outlook following American’s early-December update. The company faces an attractive competitive capacity set up, and anecdotal evidence indicates improved engagement with contracted corporate customers, the analyst tells investors in a research note. Further, with American’s new 10-year co-branded card deal effective 2026 with Citi, the company will maintain an elevated cash remuneration growth rate going forward, contends Raymond James.
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