On June 25, United Airlines rose 5.33% in regular trading, trading at $137.66/share, with turnover of $303 million. The stock gained momentum as multiple Wall Street firms issued bullish price target revisions.
Evercore ISI significantly raised its price target on United Airlines from $125 to $160, maintaining an Outperform rating. This follows Bank of America's recent adjustment from $140 to $145, while Morgan Stanley lifted its target to $182 from $150, maintaining an Overweight rating. The analyst consensus rating stands at Buy with a mean price target of $133.91.
The broader airline sector rallied on the back of falling oil prices — with international crude dropping below $75 per barrel — combined with robust summer travel demand. United Airlines previously projected over 53 million passengers from June through August, approximately 3 million more than last year. Within the Airlines sector, Delta Air Lines rose 4.22%, JetBlue Airways gained 4.4%, Southwest Airlines advanced 3.77%, and American Airlines added 1.83%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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