By Shivansh Tiwary
January 6, 2025 – 5:55 AM PST
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(Reuters) – American Airlines’ (AAL.O) 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.
Shares of the carrier were up nearly 5% at $17.76 in premarket trading.
The carrier spent much of 2024 rebuilding its sales strategy and mending relationships with corporate clients after a sales and distribution approach backfired.
American had implemented a strategy aimed at renegotiating contracts with corporate travel agencies and clients, reducing perks and…
