UBS Upgrades AMR, ALK, CAL, LCC, UAUA to Buy

September 24, 2009 5:17 PM EDT

UBS is moving stocks in the after-hours session today, upgrading five stocks in the Airline sector. Each upgrade was from Neutral to Buy:

  • AMR Corp. (NYSE: AMR)
  • Alaska Air (NYSE: ALK)
  • Continental Airlines (NYSE: CAL)
  • US Airways (NYSE: LCC)
  • UAL Corp. (Nasdaq: UAUA) - named Top Pick
The firm cited reduced labor costs, constrained growth in seat capacity and an overall economic recovery. UBS also said that recent capital raises within the group will likely strengthen balance sheets.


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Stocks Mentioned

ALK 29.28

+0.25 +0.86%
Volume: 246,567
Track ALK

AMR 5.47

-0.08 -1.44%
Volume: 8,205,162
Track AMR

CAL 12.86

-0.11 -0.85%
Volume: 4,316,190
Track CAL

LCC 3.10

-0.02 -0.64%
Volume: 5,270,411
Track LCC

UAUA 7.02

-0.05 -0.71%
Volume: 6,943,776
Track UAUA


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