TD Cowen analyst Tom Fitzgerald raised the firm’s price target on United Airlines (UAL) to $88 from $73 and keeps a Buy rating on the shares. The firm updated its estimates to reflect 1Q results and latest guidance/color. Cowen models at the high end of 2Q guidance as well as the FY recession scenario and they believe macro will be a challenge for the whole sector, but believe UNited Airlines is well positioned versus its closest competitors.
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