In a research note released June 30, Morgan Stanley analysts provided an overview of the airline industry and highlighted their bullishness on United Continental Holdings, Inc. UAL calling it the "most interesting contrarian value idea" across their coverage.
To justify their opinion on United Continental the analysts listed three main factors
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- Management's "self-help" initiatives are conservative
- An "uniquely bearish" sentiment towards the stock
- United Continental UAL - Overweight; $60 PT; EPS estimate for calendar-year 2014 - $4.40, 2015 - $8.00
- American Airlines Group Inc. AAL - Overweight; $50; 2014 - $5.75, 2015 - $7.00
- Delta Air Lines Inc. DAL - Overweight; $46; 2014 - $3.35, 2015 - $4.00
- Alaska Air Group, Inc. ALK - Equal-weight; $107; 2014 - $7.30, 2015 - $8.20
- Hawaiian Holdings Inc. HA - Equal-weight; $16, 2014 - $1.45, 2015 - $1.60
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