In a report released Thursday, Imperial Capital analyst Bob McAdoo Downgrades United Continental Holdings, Inc.UAL from Outperform to In-line, reducing its one year price target to $47 a share (previously $55).
Imperial Capital predicts United Continental to have low operating results, decreasing its value compared to its peers with the Major Airline sector. Shares of United Continental may move higher along with its sector but its future lacks growth potential according to Imperial Capital analysts.
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