LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Bernstein upgrades American Airlines, says stock can surge nearly 40%

Chaim Potok by Chaim Potok
December 10, 2024
in Investing
Bernstein upgrades American Airlines, says stock can surge nearly 40%
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


An improving industry backdrop and a new credit card deal has Bernstein enthusiastic about American Airlines . The firm upgraded the airline to outperform from market perform and raised its price target to $24 from $14. The new price target implies shares can rally nearly 40% from Monday’s close. Analyst David Vernon said positive pricing and revenue trends across the industry are reflected in American Airlines’ fourth-quarter earnings guidance. The company in October said it sees an adjusted profit per share between 25 cents and 50 cents. For the year, American Airlines expects to earn as much as $1.60 a share on an adjusted basis, exceeding analyst expectations. AAL YTD mountain AAL in 2024 “American Airlines [is] closer to a have than a have-not,” Vernon wrote in a Monday note. “AAL’s ability to deleverage thanks to improving industry backdrop [and] new exclusive co-branded credit card deal enhances company outlook.” Additionally, the company’s co-branded credit card partnership with Citi is set to take effect in January 2026. Vernon forecasts remunerations from this card and the airlines’ other partners to rise 10% annually. “The notable boost of this steady revenue stream helps us look past the corporate [and] agency rev recovery that’s dragging out through end of ’25,” Vernon said. “Looking further out, the benefits of such a sizable, consistent cash flow (terminal value est. ~$12B) changes the story for an airline critiqued for its high leverage. AAL’s ability to more easily pay down its debts enhances the company’s outlook,” Vernon wrote. Shares rose 1.3% on Tuesday before the bell. The stock has gained 24.9% year to date. Analyst sentiment around the stock is tepid. Of the 23 analysts who cover American Airlines, 15 rate it as a hold, while seven have buy or strong buy ratings, per LSEG. One analyst rates the stock as underperform.



Source link

You might also like

How much you can make in 2026 and still pay 0% capital gains

Wall Street can’t seem to shake off volatility. How to generate some safe returns into year-end

These are the support levels in QQQ ETF to look for as volatility picks up, according to the charts

Share30Tweet19
Previous Post

How to pick a crypto gaming token winner this bull run: Web3 Gamer

Next Post

Europe’s battery dreams die, but China cashes in

Chaim Potok

Chaim Potok

Recommended For You

How much you can make in 2026 and still pay 0% capital gains
Investing

How much you can make in 2026 and still pay 0% capital gains

October 14, 2025
Wall Street can’t seem to shake off volatility. How to generate some safe returns into year-end
Investing

Wall Street can’t seem to shake off volatility. How to generate some safe returns into year-end

October 14, 2025
These are the support levels in QQQ ETF to look for as volatility picks up, according to the charts
Investing

These are the support levels in QQQ ETF to look for as volatility picks up, according to the charts

October 14, 2025
Social Security COLA for 2026: Agency confirms when to expect announcement
Investing

Social Security COLA for 2026: Agency confirms when to expect announcement

October 14, 2025
Next Post
Europe’s battery dreams die, but China cashes in

Europe’s battery dreams die, but China cashes in

Related News

Jana brought an aerospace rock star to Mercury Systems. These next steps could help build value

Jana brought an aerospace rock star to Mercury Systems. These next steps could help build value

July 15, 2023
Tesla stock in danger of first loss in eight sessions

Tesla stock in danger of first loss in eight sessions

June 6, 2023
Police officers ‘misusing body-worn cameras across England and Wales’

Police officers ‘misusing body-worn cameras across England and Wales’

September 28, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?