American Airlines Group (AAL) shares advanced nearly 17% in recent trading Thursday after Seaport upgraded the company's stock to buy from neutral with a $20 price target.
Also on Thursday, the company increased its Q4 adjusted earnings guidance to a range of $0.55 to $0.75 per diluted share from its previous forecast of $0.25 to $0.50. Analysts polled by FactSet expect $0.39.
Melius Research also adjusted price target for American Airlines to $18 from $16, while keeping hold rating.
The company's trading volume reached 70.7 million shares against a daily average of 32.5 million.
Price: 17.35, Change: +2.47, Percent Change: +16.60
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