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Equities research analysts at JPMorgan Chase & Co. boosted their target price on shares of American Airlines Group (NASDAQ:AAL) from $37.00 to $41.00 in a research note issued to investors on Wednesday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 28.29% from the stock’s previous close.

American Airlines Group (NASDAQ:AAL) opened at 31.96 on Wednesday. American Airlines Group has a 52-week low of $12.70 and a 52-week high of $32.20. The stock’s 50-day moving average is $27.61 and its 200-day moving average is $21.76. The company has a market cap of $10.726 billion and a price-to-earnings ratio of 25.07.

Other equities research analysts have also recently issued reports about the stock. Analysts at Merrill Lynch initiated coverage on shares of American Airlines Group in a research note to investors on Wednesday, January 8th. They set an “underperform” rating on the stock. Separately, analysts at UBS AG initiated coverage on shares of American Airlines Group in a research note to investors on Thursday, December 19th. They set a “neutral” rating and a $29.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of American Airlines Group in a research note to investors on Tuesday, December 17th. They set an “equal weight” rating and a $30.00 price target on the stock.

American Airlines Group Inc, formerly AMR Corporation, operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc (NASDAQ:AAL).

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