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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
Jan 2017Morgan StanleyDowngradesOverweightEqual-Weight
Jan 2017Cowen & Co.DowngradesOutperformMarket Perform
Dec 2016BarclaysInitiates Coverage OnOverweight

View More Analyst Ratings for UAL
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Posted-In: Sterne Agee GroupAnalyst Color Reiteration Analyst Ratings

 

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