Imperial Capital Downgrades United Continental (UAL) to In-Line

Imperial Capital downgraded United Continental (NYSE: UAL) from Outperform to In-Line with a price target of $47.00 (from $55.00).

Analyst Bob McAdoo said, "From a trading perspective, shares of UAL may continue to move upward as sector sentiment remains positive. However, as outlined below, we expect operating results to continue to lag peers. 1Q14 pre-tax earnings also lagged both Delta Air Lines (DAL) and American Airlines Group (AAL) by approximately $1bn each. Over the next several quarters, we expect shares of UAL to continue to lag the share performance of DAL and AAL much as they have year to date. Our price target represents about 12% potential upside, based on the recent share price."

For an analyst ratings summary and ratings history on United Continental click here. For more ratings news on United Continental click here.

Shares of United Continental closed at $41.81 yesterday.

You May Also Be Interested In

• Northwest Bancshares, Inc. (NWBI) PT Lowered to $10 at Piper Sandler
• AZZ Inc. (AZZ) PT Raised to $85 at B.Riley
• NCsoft Corp (036570:KS) PT Lowered to KRW200,000 at HSBC