American Airlines receives upgraded price targets from two major firms amid resilient travel demand and fare increases.
TD Cowen raised its price target for American Airlines Group Inc. (NASDAQ:AAL) to $24 from $20, maintaining a Buy rating ahead of second-quarter earnings. The firm cited expectations for sustained fare increases and robust travel demand as key drivers for the airline sector.
Goldman Sachs also increased its price target on AAL to $15 from $10 but retained a Sell rating. The adjustment follows stronger revenue trends and lower fuel costs, with demand remaining resilient despite earlier fare hikes. Both firms highlighted the sector’s unexpected strength.
Investors are closely watching post-Labor Day pricing and passenger demand trends, which could further support airline stocks.