What exactly changed in the Citigroup note on February 20, 2026?

Citigroup maintained a **Neutral** rating and raised the price target to **$13.20** from **$11.30** on February 20, 2026. The firm cited improved revenue trends but kept a cautious view on margins and longer-term upside.

How should investors interpret a Neutral AFLYY analyst rating?

A Neutral rating generally means limited expected outperformance versus peers. Investors should see it as a hold signal, not a buy or sell mandate, and weigh price targets and company fundamentals before acting.

Does the new price target change short-term trading strategy?

The raised **$13.20** target may support cautious buying for medium-term traders, but short-term moves can be volatile. Use position sizing and consider sector catalysts before shifting allocations.

Where can I read the original Citi update?

The Citi note and price target change were reported by TheFly on February 20, 2026. Read the source here: [TheFly report](https://thefly.com/permalinks/entry.php/id4297618/7762286394/AFLYY-Air-FranceKLM-price-target-raised-by--at-Citi).

Analyst Ratings

Citigroup Maintains Neutral on Air France-KLM (AFLYY) Feb 20 2026, PT $13.20

ByDanny Kontos February 21, 2026February 21, 2026

Citigroup maintained a Neutral rating on Air France-KLM SA (AFLYY) on February 20, 2026. The AFLYY analyst rating update also raised Citi’s price target to $13.20 from $11.30. Citi left its view unchanged on operational recovery but pointed to improved revenue visibility. The action was logged at 12:05 PM and coincided with a reported stock move of +4.37% or $0.06 since the note.