American Air's stock set to rise on optimism

It is hoped carrier can avoid common pitfalls of mergers

[DALLAS] American Airlines Group Inc, which was formed yesterday when AMR Corp and US Airways Group Inc combined, is poised to rise on confidence that the world's largest carrier can avoid the pitfalls that dragged down other mergers.

The stock may reach US$39 by 2015, estimated Hunter Keay, a Wolfe Research Inc analyst, while Jamie Baker of JPMorgan Chase & Co sees Fort Worth, Texas-based American rising to US$37. Holders of US Airways, which closed last week at US$22.55, will get shares of the new...

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