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.


Related Categories

Trader Talk
Upgrades

Stocks Mentioned

ALK 33.22

+0.83 +2.56%
Volume: 385,419
Track ALK

AMR 8.12

+0.80 +10.93%
Volume: 22,584,153
Track AMR

CAL 18.90

+1.54 +8.87%
Volume: 7,614,085
Track CAL

LCC 6.38

+0.45 +7.59%
Volume: 16,421,798
Track LCC

UAUA 15.22

+2.15 +16.45%
Volume: 26,559,981
Track UAUA


Related Entities


Add Your Comment





Follow StreetInsider.com On Twitter