Shares of American Airlines Group (AAL) surged Monday after brokerage firms Jefferies and TD Cowen upgraded their ratings and rais🌟ed their price targets on the carrier's s෴tock.

Jefferies upgraded the stock to "buy" from "hold," and raised its 澳洲幸运5官方开奖结果体彩网:price target to $20 from $12. Its analysts said 澳洲幸运5官方开奖结果体彩网:American Airlines "could see significant surprise to the upside in 2025" thanks to "ongoing corporate share recapture, lower capacity and capex," as well as its forthcoming 澳洲幸运5官方开奖结果体彩网:exclusive credit card partnership with Citi (C).

TD Cowen Cites 'Transitory' Headwinds for American

TD Cowen similarly upgraded the stock to "buy" from "hold" Monday, and raised its price target to $25 from $17, per reports. "In hindsight, we were too early with our upgrade a year ago and then failed to appreciate the transitory nature of their headwinds when we downgraded the shares in July," TD Cowen's Tom Fitzgerald wrote, according to Reuters.

American Airlines stock recently traded up 4.5% at $17.74, nearly doubling since falling to a four-year low of $9.07 last August. Its shares have risen 30% over the last year, smaller than the gains in that span recorded by rivals United Airlines (UAL) and 澳洲幸运5官方开奖结果体彩网:Delta Air Lines (DAL), which have surged by roughlyꦏ 140% an🎃d 50%, respectively.