American Airlines Seen Buoyed as CEO Dodges Merger Snags
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American Airlines Group Inc., formed today when AMR Corp. and US Airways Group Inc. combined, is poised to rise on confidence that the world’s largest carrier can avoid the pitfalls that dragged down other mergers.
The stock may reach $39 by 2015, estimated Hunter Keay, a Wolfe Research Inc. analyst, while Jamie Baker of JPMorgan Chase & Co. sees Fort Worth, Texas-based American rising to $37. Trading under the ticker AAL, the shares rose 2.7 percent to $24.60 at the close in New York from an opening price of $23.95.