Stephens Upgrades United Continental (UAL) to Overweight, Could Trade up to $110-$140 Range in 12-18 Months

Stephens analyst Jack Atkins upgraded United Continental (NASDAQ: UAL) from Equal Weight to Overweight with a price target of $112.00 (from $90.00).

The analyst comments "Despite the stock's outperformance this year and that it is currently trading above its historical multiple, we expect the revenue momentum in the business to continue as the internal initiatives mature and believe UAL is on a path to pre-tax margin expansion in early 2019, which we believe warrants a stock in the $110-$140 range over the next 12-18 months."

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 $89.28 yesterday.

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