Market Overview

Sterne Agee Reiterates Buy Rating, $35 PT on United Continental Holdings

Share:
Related UAL
Are Major U.S. Airlines Really Colluding? Former Continental CEO Doesn't Think So
Bank Of America: How To Play Airlines Following 'Unexpected' DOJ Probe
Amid DOJ Probe, Delta, Alaska Air's June Capacity Up (Investor's Business Daily)

In a report published Friday, Sterne Agee Group reiterated its Buy rating and $35.00 price target on United Continental Holdings (NYSE: UAL).

Sterne Agee noted, “Despite an overall improved airline environment, we are lowering EPS expectations for UAL related to somewhat company specific issues - larger winter storm impact than last year, and earlier than expected labor accruals for new labor contracts. We don't see either of these issues materially affecting our 2013 expectations. Our 2013/2014 estimates change slightly on lower capacity.”

United Continental Holdings closed on Thursday at $23.19.

Latest Ratings for UAL

DateFirmActionFromTo
Jun 2015Morgan StanleyInitiates Coverage onOverweight
Jun 2015BarclaysMaintainsOverweight
Jun 2015Deutsche BankMaintainsHold

View More Analyst Ratings for UAL
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (UAL)

Around the Web, We're Loving...

Get Benzinga's Newsletters