On Oct 18, major Wall Street analysts update their ratings for $United Airlines (UAL.US)$, with price targets ranging from $84 to $108.
Morgan Stanley analyst Ravi Shanker maintains with a buy rating, and adjusts the target price from $80 to $88.
J.P. Morgan analyst Jamie Baker maintains with a buy rating, and adjusts the target price from $100 to $108.
BofA Securities analyst Andrew Didora maintains with a buy rating, and adjusts the target price from $70 to $84.
Evercore analyst Duane Pfennigwerth maintains with a buy rating, and adjusts the target price from $65 to $85.
TD Cowen analyst Helane Becker maintains with a buy rating, and adjusts the target price from $80 to $100.
Furthermore, according to the comprehensive report, the opinions of $United Airlines (UAL.US)$'s main analysts recently are as follows:
United Airlines' Q3 performance exceeded expectations due to improved margins, potentially signaling a turning point where the airline, and possibly the entire industry, shifts from a defensive to an offensive strategy in the post-pandemic environment. The company's proactive measures regarding its balance sheet and other initiatives are laying a solid foundation for 2025, which is yet to be fully reflected in the current valuation as anticipation builds for the upcoming Spring Investor Day.
The firm's increased optimism on United Airlines stems from a stronger than anticipated earnings report for Q3, a cautious outlook for Q4, advancing yields amid a reduction in industry capacity, and the resumption of share repurchases.
United Airlines exhibited a stronger than anticipated performance for its Q3 report, even in the face of multiple challenges. Forward-looking projections indicate that Q4 demand may face adverse effects due to the U.S. election cycle. Nonetheless, steady earnings projections from the company and the recent announcement regarding incremental share repurchases contribute to the perceived enduring investment value of the company's shares.
The firm's perspective is that the reassessment of United Airlines' valuation that commenced in early August is in its initial stages. This outlook is driven by the recognition among investors of several positive factors impacting United. These include the recovery in corporate travel, the development of its international operations, advances in domestic market share, the benefits from its MileagePlus program, and the potential for returns to shareholders.
Here are the latest investment ratings and price targets for $United Airlines (UAL.US)$ from 8 analysts:
Note:
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