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American Airlines Group Inc. (NASDAQ:AAL) was one of the stocks on Jim Cramer’s recent Mad Money game plan. Cramer said the reason behind the stock being “so low” is that “it’s been a disappointment.”
Does American Airlines want to sell? We’ll find out when it reports. Now, it’s been a disappointment, which is why the stock’s so low to begin with. I don’t think they’ll want to sell. But the chatter about United’s pursuit just won’t stop.
Photo by jason briscoe on Unsplash
American Airlines Group Inc. (NASDAQ:AAL) is a major network air carrier offering scheduled air transportation services. On April 15, UBS increased its price target on AAL shares to $16 from $14 and maintained a Buy rating. In a research note, the firm said that heading into the first-quarter report, investor focus is expected to be on demand trends and the outlook for second-quarter revenue, including revenue per available seat mile. The analyst also noted that recent merger developments are likely to lead to questions for airline management teams about perspectives on potential consolidation across the industry.
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