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Why American Airlines (AAL) Stock is Getting a Lift Today

NEW YORK (TheStreet) -- American Airlines (AAL - Get Report) stock is up 0.76% to $43.74 on Thursday as the company's valuation remains attractive, despite Wall Street firms issuing downgrades recently, Barron' reports.

The stock remains a "compelling opportunity," and one of the reasons is that the company recently bought back 6% of its shares, Barron' said.

The carrier tacked the problem of falling U.S. ticket prices amid low cost competition from other carriers by reducing planned growth in 2015 U.S. seating capacity.

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Even though Evercore ISI downgraded the stock to "hold" from "buy" citing price competition, and JPMorgan dropped its price target to $66 from $72, the company has several upsides. Therefore, investors should stay confident, Barron' noted.

Additionally, legendary stock picker Bill Miller said that Americans Airlines is one of the companies that has a "long period of prosperity ahead," reports.

Separately, TheStreet Ratings team rates AMERICAN AIRLINES GROUP...