United Airlines Holdings, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Ravi Shanker from Morgan Stanley maintained a Buy rating on the stock and has a $130.00 price target.
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Ravi Shanker has given his Buy rating due to a combination of factors including United Airlines’ management’s positive outlook on demand acceleration and the expectation of improved industry conditions. Despite some challenges, such as the impact from EWR issues, the airline’s management anticipates a recovery in volumes and a reduction in capacity constraints, which could support future growth.
Furthermore, United Airlines’ financial performance, while slightly below Morgan Stanley’s estimates, still showed resilience with revenues and operating expenses coming in close to expectations. The company’s guidance for the upcoming quarters suggests a stable outlook, with management expecting less geopolitical and macroeconomic uncertainty, which could further enhance the airline’s performance. These factors collectively contribute to the optimistic Buy rating by Ravi Shanker.
In another report released today, Bernstein also reiterated a Buy rating on the stock with a $104.00 price target.