BMO Capital raised the firm’s price target on United Airlines (UAL) to $130 from $110 and keeps an Outperform rating on the shares after its Q1 earnings beat. The firm notes it is encouraged on several fronts, including the company’s merchandising, continued loyalty runway, and strong yield momentum, the analyst tells investors in a research note. The current macro backdrop will eventually pass and BMO sees constructive set up for United Airlines coming out of the downturn.
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