TD Cowen Reduces Its PT for American Airlines (AAL) to $13, Reiterates “Buy” Rating

American Airlines Group Inc. (NASDAQ:AAL) is among the 11 best value stocks to invest in according to billionaires.

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On March 9, 2026, approximately 61% of analysts maintain a bullish sentiment on American Airlines Group Inc. (NASDAQ:AAL), with a consensus price target of $17.32. This indicates more than 50% upside potential and reflects confidence that the airline can recover once cost concerns subside.

However, rising fuel prices driven by geopolitical concerns are placing an additional burden on American Airlines Group Inc. (NASDAQ:AAL).

On the same day, in response to these challenges, TD Cowen reduced its price target for American Airlines Group Inc. (NASDAQ:AAL) from $17 to $13 while keeping a “Buy” rating.

After adjusting fuel assumptions to current market levels, the firm lowered earnings estimates for Air Canada and the six biggest U.S. airlines.

TD Cowen cautioned that significant margin expansion in 2026 is unlikely unless energy costs drop quickly, even though it anticipates that airlines would be able to recover some of the fuel price spike through ticket pricing.

The cautious approach aligns with the broader shock facing the industry.

On March 9, 2026, according to Reuters, airline stocks fell drastically as oil prices spiked due to the U.S.-Israeli confrontation with Iran. As a result, Brent crude rose as much as 29% intraday, and oil jumped almost 15% to above $105 per barrel, sparking concerns about a slowdown in international travel and interruptions to airline operations.

American Airlines Group Inc. (NASDAQ:AAL) is a Fort Worth-based airline holding corporation that uses American Airlines to transport passengers and cargo throughout the Atlantic, Pacific, Latin America, and domestic regions.

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