United Airlines Holdings ( (UAL) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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United Airlines shares came under pressure after TD Cowen warned that higher fuel costs are likely to choke off profit margin expansion this year, unless energy prices retreat quickly. The bank said rising fuel is a key headwind for U.S. carriers and Air Canada.
In response to the updated fuel assumptions, TD Cowen cut its price target on United Airlines but maintained a Buy rating on the stock. The firm also trimmed its earnings estimates across the airline group to reflect the tougher cost environment.
More about United Airlines Holdings
YTD Price Performance: -17.66%
Average Trading Volume: 5,540,017
Technical Sentiment Signal: Hold
Current Market Cap: $29.78B
For further insights into UAL stock on TipRanks’ Stock Analysis page.
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