Why American Airlines Stock Jumped 6% Today
Shares of American Airlines Group (NASDAQ: AAL) stock closed up 5.8% on Tuesday after an article in the Dallas Business Journal reported on the company's CEO making some uber-bullish comments about American Airlines' prospects.
Reporting on an investor presentation that American Airlines CEO Doug Parker gave last week, the Journal related the story of an email exchange between Parker and an analyst at investment bank UBS, in which Parker supposedly bet the analyst "a bottle of wine" that American Airlines stock would hit $60 a share before Nov. 25, 2018.
American Airlines' CEO's comments are giving its stock a lift. Image source: Getty Images.
Source: Fool.com
American Airlines Group Inc. Stock
€12.82
-1.810%
With 27 Buy predictions and 2 Sell predictions American Airlines Group Inc. is one of the favorites of our community.
As a result the target price of 16 € shows a positive potential of 24.77% compared to the current price of 12.82 € for American Airlines Group Inc..
