United Airlines price target lowered to $132 from $155 at Citi

Citi analyst John Godyn lowered the firm’s price target on United Airlines (UAL) to $132 from $155 and keeps a Buy rating on the shares. The firm, which is updating estimates for higher fuel prices, sees downside risk to Q1, Q2 and 2026 estimates at nearly all airlines in its coverage. However, the analyst adds that “downside to estimates does not necessitate downside to stocks across the board” as it argues that the fuel shock is likely to keep driving a “fuel wedge” that drives meaningful relative outperformance at some airlines.