Analysts at Barclays claim that even though the share price of American Airlines, United Continental and Delta Air Lines have shown little weakness of late, they can still head higher.
Barclays’ David Fintzen has raised his price targets on the group as he assumes that 2014 will be another mid-cycle year that will push long-term margin potential higher.
He has raised his target on Delta to $38 from $34, his target on Southwest Airlines to $26 from $22, American’s target to $38 from $30 and his target on United Continental to $50 from $38.