BUZZ-United Airlines up after TD Cowen raises PT, calls it 'best idea for 2025'

Reuters11-20 01:10
BUZZ-United Airlines up after TD Cowen raises PT, calls it 'best idea for 2025'

** Shares of United Airlines UAL.O up 3.5% at about $93.5 in afternoon trade, after TD Cowen raises PT on the Chicago-based airline to $125 from $100

** "UAL is our Best Idea for 2025. We believe UAL is best positioned among its peer group due to its array of idiosyncratic tailwinds on top of favorable industry fundamentals" - TD Cowen

** Brokerage says UAL has led the post-pandemic restoration in international capacity and should see an early benefit relative to peers, as its routes mature in 2025

** Says the airline also benefits from a vastly improved domestic network

** "United is poised to grow above the peer group while still generating enough cash flow to fund its ongoing fleet overhaul, debt paydown, and steady shareholder returns" - brokerage

** New PT represents about 38% upside to stock's last close

** UAL shares up 122%, YTD

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment