(CercleFinance.com) – Jefferies raises its recommendation on American Airlines from ‘hold’ to ‘buy’ with a price target raised by 12% to 18 dollars, highlighting in particular an improvement of two to five points in the utilization rate company planes.
The broker also highlights the modern nature of its fleet (average age of 12 years compared to 15 and 16 years for its peers Delta and United), as well as the progress of its debt reduction plan and the investor day scheduled for March 4. .
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