BUZZ-UBS lifts price targets on US airlines on bullish outlook hope

Reuters01-07
BUZZ-UBS lifts price targets on US airlines on bullish outlook hope

** UBS says it believes US airlines are likely to provide bullish Q1 and FY26 outlooks given the demand bounced back following government shutdown

** Shares of United Airlines UAL.O up 3%, Southwest Airlines LUV.N up 1.5% and American Airlines AAL.O up about 1.8% in early trading

** Brokerage says Q4 expectations are well-calibrated, given some airlines pre-released in December, which has provided a good framework on the impact of the government shutdown

** "We highlight UAL as our top pick heading into reporting on potential for upside on Q1 outlook," brokerage says

Following are the new PTs:

Airline

New PT

Old PT

United Airlines

$145

$142

Southwest Airlines

$45

$43

American Airlines

$21

$20

(Reporting by Parth Chandna)

((Parth.Chandna@thomsonreuters.com;))

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