Sterne Agee Maintains Buy Rating and $38 PT on United Continental Holdings

A report from Sterne Agee reiterates its Buy rating and $38 price target on United Continental Holdings

. The report states, “Today, UAL announced that the combined airline received a single operating certificate from the Federal Aviation Administration, which will allow the company to operate flights as one entity. As expected, this took about 14 months after the completion of the merger.” UAL closed yesterday at $17.97.