URL has been copied successfully!
American Airlines Group Inc (NASDAQ:AAL) shares gained momentum during Thursday’s premarket session. Investors are reacting to a mix of analyst optimism and historic merger speculation.
In the regular trading session, the stock gave up its gains.
UBS Raises Price Forecast
On Wednesday, UBS analyst Atul Maheswari maintained a Buy rating on American Airlines. Maheswari increased the price target from $14 to $16, according to Benzinga Pro.
This update provided a fresh catalyst for the carrier as broader markets showed strength. Nasdaq futures rose 0.02% early Thursday, while S&P 500 futures edged up 0.12%.
Merger Chatter Sparks Volatility
The stock prices increased on Tuesday following reports involving …
Please follow us:
This post was originally published here
