Jefferies lowered the firm’s price target on United Airlines (UAL) to $125 from $148 and keeps a Buy rating on the shares. Jet fuel prices are up about 50% from the January average when U.S. airlines initiated guidance, notes the analyst, who updated the firm’s airline estimates. On average, the firm raised its Q1 fuel cost estimates by about 14% and Q2 by about 30%, but given the volatility, it currently assumes second half fuel prices revert toward pre-conflict levels, the analyst tells investors.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAL:
- Biggest U.S. Airlines to Absorb $11B from Jet Fuel Shockwave — Can Their Stocks Take the Hit?
- Strong Buy Alert: 3 Low P/E Stocks Poised for Over 40% Gains Ahead
- H.C. Wainwright says eIPP start ‘significant’ milestone for Joby, Archer
- Airlines reconsider growth plans amid war in Iran, Bloomberg reports
- Unusually active option classes on open March 9th