Jesup & Lamont Initiates Coverage on United Airlines (UAUA) with a Buy
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Jesup & Lamont initiates coverage on United Airlines (Nasdaq: UAUA) with a Buy. Price target $24.50.
Jesup analyst says, "We are recommending purchase of the common shares of United Airlines. The company is fairly well positioned as a founding member of the Star Alliance to continue to dominate international markets, including Southeast Asia where United is the largest US based airline...The company is estimating fuel costs in the fourth quarter of $2.88 per gallon, although we don’t believe United will be profitable in the fourth quarter, we believe they will return to profitability in 2009."
UAL Corporation (UAL) is a holding company whose principal subsidiary is United Air Lines, Inc. (United)
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