American Airlines price target raised to $13 from $12 at Jefferies

Jefferies analyst Sheila Kahyaoglu raised the firm’s price target on American Airlines (AAL) to $13 from $12 and keeps a Hold rating on the shares. American showed continued signs of revenue progress in Q1, but there likely needs to be further downward bias to capacity growth in this macro environment, the analyst tells investors in a post-earnings note.