Argus analyst John Staszak lowered the firm’s price target on United Airlines (UAL) to $135 from $140 but keeps a Buy rating on the shares. The firm expects demand for air travel to grow driven by positive trends in corporate travel and looks for higher revenues to offset inflationary headwinds, the analyst tells investors in a research note. Argus adds that it expects to see a continued recovery in demand for premium seating and trans-Atlantic flights.
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