4 reasons American Airlines stock could fly 40% higher in 2024

Key PointsThis week, Morgan Stanley upgraded AAL from Equal Weight to Overweight alongside a prediction that it can appreciate to $20 by year end.AAL is trading at 6.2x trailing 12 months earnings while its three S&P 500 peers — Delta, United and Southwest — have an average trailing P/E ratio of 17x.The 50-day and 200-day moving averages are starting to converge and a high volume breakout could cause panic to set in among shorts — and buying pressure to accelerate.5 stocks we like better than American Airli ...