United Airlines price target raised to $109 from $81 at Susquehanna

Susquehanna analyst Christopher Stathoulopoulos raised the firm’s price target on United Airlines (UAL) to $109 from $81 and keeps a Positive rating on the shares. The firm noted they reported earnings just above the midpoint of guidance but noted comments on the call that US domestic industry capacity again coming out of the market in late summer, as certain carriers again face the reality of “economic gravity,” i.e., pulling out of money-losing routes.