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

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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
Jul 2016Deutsche BankUpgradesHoldBuy
Jul 2016Credit SuisseDowngradesOutperformNeutral
Apr 2016Morgan StanleyMaintainsOverweight

View More Analyst Ratings for UAL
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Reiteration Analyst Ratings

 

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