美国航空股价近期一路走高，过去三个月涨幅超过50%。这一涨势是在空头减少的背景下出现的。S3 Partners的数据显示，截至上周，被做空的美国航空股票占自由流通股的6.5%，为去年4月初以来的最低水平。Analysts at Jefferies, TD Cowen, and Melius Research all upgraded American Airlines' stock ratings from “hold” to “buy,” citing improvements in American Airlines' domestic and corporate passenger traffic, as well as an exclusive credit card agreement with Citibank, which are all reasons for the new bullish sentiment.
The Zhitong Finance App learned that American Airlines (AAL.US) closed up 3.24% on Monday. Previously, three Wall Street investment banks raised their stock ratings to continue the stock's recent gains. According to reports, analysts at Jefferies, TD Cowen, and Melius Research will all upgrade American Airlines' stock ratings from “hold” to “buy,” citing improvements in American Airlines' domestic and corporate passenger traffic and the exclusive credit card agreement reached with Citibank. These are all reasons for the new bullish sentiment.
Conor Cunningham, an analyst at Melius Research, said: “American Airlines recently renewed its credit card agreement with Citi, and the company is expected to increase its high-profit revenue by at least $0.56 billion by 2025.” “Meanwhile, American Airlines is trying to recapture its lost share of the business travel market.”
American Airlines shares have been rising recently, rising more than 50% over the past three months. This rally comes against a backdrop of fewer bears. According to S3 Partners data, as of last week, shorted American Airlines shares accounted for 6.5% of freely tradable shares, the lowest level since the beginning of April last year.
Despite the recent rise in American Airlines' stock price, many people are still on the sidelines due to last year's mistakes in measuring domestic demand. According to the data, among analysts who gave ratings to American Airlines, 11 gave a “hold” rating, 2 gave a “sell” rating, and 13 gave a “buy” rating. The stock's general rating is currently at its highest level since the beginning of 2020, but it is still lower than peers such as Delta Air Lines (DAL.US) and United Continental Airlines (UAL.US).
TD Cowen analyst Tom Fitzgerald said, “Investors also have an opportunity to benefit from profit revisions.” The analyst's price target for American Airlines is $25, the highest on Wall Street. He added: “Improved performance will enable the company to continue to repay its debts, and shareholders should see their share of the company's value rise accordingly.”
