Jefferies analyst Sheila Kahyaoglu also raised its price target from American Airlines from $12 to $20 due to what she predicts to be continued increases in revenue per available seat mile (TRASM) as well as a stronger-than-expected earnings per share (EPS) of $1.79 in a 2024.

American Airlines (AAL) upgraded at Jefferies as airline's focus on short-haul flights leaves it the best positioned of the Big 3 in 2025. Read more here.

Shares of American Airlines surged Monday after brokerages Jefferies and TD Cowen upgraded and raised their price targets on the air carrier's stock.

AAL is a chip shot from its Dec. 10 two-year high of $18.20. Since that peak, the shares have consolidated around $17, with their 100-day moving average catching last week's pullback. Year-over-year, the equity is now 30.3% higher.

American Airlines Group Inc.’s stock soared 5% Monday, after a slew of upgrades that acknowledged the company is coming out of transitory 2024 challenges to a better backdrop in 2025. The big airlines are in better shape than low-cost and ultralow-cost carriers,

American Airlines' stock is poised for a strong 2025 as the carrier emerges from a challenging year, according to brokerages Jefferies and TD Cowen, who upgraded the stock to a "buy" rating on Monday.