BUZZ-Raymond James upgrades American Airlines on improved revenue view

** American Airlines Group shares AAL.O rise 0.7% to $17.48 premarket

** Raymond James upgrades rating to "market perform" from "outperform," sets PT of $24

** Says upgrades AAL on "attractive risk-reward and above consensus forecast, which reflects an improved revenue outlook following the early-December update"

** Also cites "attractive competitive capacity set up, and anecdotal evidence of improved engagement with contracted corporate customers"

** Eight brokerages rate AAL "buy" or higher, 14 "hold" and one "sell; their median PT is $18 - LSEG compiled data

** Raymond James also lifts price targets of peer Southwest Airlines LUV.N to $40 from $36, United Airlines UAL.O to $120 from $90, SkyWest SKYW.O to $120 from $114 and Allegiant Travel ALGT.O to $110 from $75

** As of last close, AAL had risen 26.3% YTD, compared with a 56.5% increase in the S&P 500 Passenger Airlines index .SPLRCALI YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))