American Airlines price target raised to $18 from $15 at Barclays

Barclays analyst Brandon Oglenski raised the firm’s price target on American Airlines to $18 from $15 and keeps an Underweight rating on the shares. U.S. travel demand remains robust this summer, despite prior market fears to the contrary, the analyst tells investors in a research note. The firm says the Q2 results will likely reflect solid yields and lower jet fuel prices, “suggesting strong results across the sector.”