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American Airlines Group (NASDAQ: ), currently trading just under $11 and down around 30% from early February alone.
American Airlines stock has already priced in much of the downside from high oil prices.
KEY POINTS
- Exxon Mobil shares have dropped nearly 10% recently as hopes for Middle East de-escalation rise.
- Citigroup and UBS reiterated Buy ratings on American Airlines, targeting up to 30% upside.
- Citigroup, Mizuho, and HSBC have downgraded Exxon Mobil, signaling limited further upside.
- A resolution in the Middle East could trigger a sharp reversal in both airline and energy stocks.
COMPANIES
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