American Airlines Group Inc. (AAL.US) continues to rise, with three Wall Street investment banks raising their stock ratings.

American Airlines Group Inc. (AAL.US) closed up 3.24% on Monday. Prior to this, three Wall Street investment banks raised their stock ratings, allowing the recent uptrend of the stock to continue. Analysts from Jefferies Financial Group Inc., TD Cowen, and Melius Research all upgraded their ratings on American Airlines Group Inc. from "hold" to "buy", citing improvements in the company's domestic and corporate passenger traffic, as well as an exclusive credit card agreement with Citigroup, as reasons for the newfound bullish sentiment. Melius Research analyst Conor Cunningham said, "Recently, American Airlines Group Inc. renewed its credit card agreement with Citigroup, and it is expected to generate at least $560 million in high-margin revenue by 2025." "Meanwhile, American Airlines Group Inc. is working to regain lost market share in business travel." The stock price of American Airlines Group Inc. has been rising steadily in recent months, with an increase of over 50% in the past three months. This uptrend has occurred amidst a decrease in short interest. Data from S3 Partners shows that as of last week, the percentage of American Airlines Group Inc. shares being shorted was at 6.5% of free float, the lowest level since early April last year. Despite the recent increase in the stock price of American Airlines Group Inc., many remain cautious due to mistakes made in assessing domestic demand last year. Among analysts covering American Airlines Group Inc., there are 11 "hold" ratings, 2 "sell" ratings, and 13 "buy" ratings. The overall rating for the stock is currently at its highest level since the beginning of 2020, but still lower than peers such as Delta Air Lines, Inc. (DAL.US) and United Airlines Holdings, Inc. (UAL.US). TD Cowen analyst Tom Fitzgerald said, "Investors still have the opportunity to profit from earnings revisions." He has a price target of $25 for American Airlines Group Inc., the highest on Wall Street. He added, "Improved performance will allow the company to continue to repay debt, and shareholders should see their share of the company's value increase as a result."