American Airlines Group Inc. (NASDAQ:AAL) shares are trading lower Monday. Two analysts cut their price targets on the stock. Here’s what you need to know.
- American Airlines Group stock is facing resistance. Why is AAL stock retreating?
Two Analysts Lower Their American Airlines Price Targets
BMO Capital analyst Michael Goldie maintained a Market Perform rating on American Airlines while lowering the price target to $15.50 from $19. Evercore ISI analyst Duane Pfennigwerth maintained an In-Line rating while cutting the price target to $13 from $17.
American Airlines carries an overall Hold rating on Wall Street, with an average price target of $18. Other recent analyst actions include Rothschild & Co raising its target to $13.50 while maintaining a Neutral rating on September 18.
American Airlines’ Chart Shows a Well-Defended Floor Amid a Weakening Ceiling
Beyond today’s analyst moves, the stock’s broader chart shows momentum fading at the top even as a new floor holds firm underneath. Shares couldn’t climb back to July’s $18 peak during August’s rebound, which stalled out at $17.13. The subsequent decline broke straight through the old lows near $13.32 to $13.42 and settled into fresh territory around $12.54 to $12.59, a floor tested four separate times over roughly a week in mid-September, with each touch landing within a nickel of the others.
Buyers then pushed the stock back up to $14.07 by September 22, reclaiming the previous $13.32-to-$13.42 zone that had already failed twice earlier in the summer, a signal that tends to carry more weight than a standard bounce. Shares now trade around $13.59, sitting in the middle of that recovered range.
Looking ahead, the key levels to watch are whether $13.32 to $13.42 continues acting as support on any pullback, which would validate the recovery, and whether the stock can clear meaningfully above the $14.07 September high.
AAL Shares Are Dropping
AAL Price Action: American Airlines shares were down 1.95% at $13.60 at the time of publication on Monday, according to Benzinga Pro.
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