American Airlines (AAL) Stock Surges on Price Target Increase

NEW YORK (TheStreet) -- Shares of American Airlines Group  are surging, up 3.59% to $51.43 in midday trading Friday, continuing its gain after airline stocks hit their highest levels in almost 14 years yesterday, following higher earnings estimates for the carriers by JPMorgan Chase analysts, Bloomberg reports. Analysts at the firm said they believe shares of U.S. airline carriers are undervalued. JPMorgan Chase increased its price targets on six U.S. airlines, including American Airlines. T...