Bank of America / Merrill Lynch (NYSE:BAC) has upgraded several airlines stocks today.
The firm noted that airline bookings have been improving, and that oil price declines could also help the airlines.
US Airways (LCC) and Hawaiian Holdings (NASDAQ:HA) were both upgraded from neutral to buy.
American Airlines parent AMR Corp. (AMR) was upgraded from underperform to neutral.
BofA / Merrill Lynch continues to have “buy” ratings on Delta Air Lines (NYSE:DAL) and United Continental (NYSE:UAL).
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