Soleil Securities Upgrades Continental Airlines (CAL) to Buy
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Soleil Securities upgrades Continental Airlines (NYSE: CAL) from Hold to Buy and raises their price target from $17 to $22, citing a combination of fundamentals and price.
The firm said, "Despite even higher oil prices than in mid-May, the earnings and liquidity outlook appear much better than at that point. Since May 12, the share price is down 29% vs. a 5% drop in the S&P 500."
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