UPDATE: J.P. Morgan Upgrades AMR Corporation on Likelihood of US Airways Merger
October 17, 2013 at 10:18 AM EDT
In a report published Thursday, J.P. Morgan analyst Jamie Baker upgraded the rating on AMR Corporation (OTC: AAMRQ ) from Neutral to Overweight, and reiterated the $9.50 price target. In the report, J.P. Morgan noted, “We are boosting our estimated likelihood of a merger by AMR/US Airways this winter from
