Shares of American Airlines Group (AAL), United Continental Holdings (UAL) and Delta Air Lines (DAL) were up Friday following a Barron’s report which highlighted bullish comments from Stifel analysts.
In the report, Barron’s cited Stifel analysts Joseph DeNardi and Sawyer McKelvey as saying it is hard not to be bullish about the future even though short-term concerns remain on the airline sector. The analysts said “industry behavior” is not as bad as some perceive it to be even though they may struggle to find data points over the next few months that can help reverse investor skepticism. In addition, the analysts argued that what’s needed to get the industry back on track again is largely within the control of management.
Recently AAL was up on light volume of 6.8 million shares, while UAL was higher on volume of 2.8 million shares and DAL was up on volume of 5.3 million shares.