Goldman Sachs Remains Positive on United Continental (UAL)

Goldman Sachs analyst Catherine O’Brien reiterated a Buy rating and $67.00 price target on United Continental (NASDAQ: UAL).

The analyst comments "United published an investor update this morning, guiding to better June Q revenue and EBITDA margin, driven by improvements in the yield environment vs. prior expectations. The company is now guiding to June Q unit revenue (“RASM”) of down 12% vs. 2019 from down 20% prior, with this revenue improvement driving a better EBITDA margin guide of (11%) vs. (20%) previously. United also expects to achieve a positive EBITDA margin in the month of June and for the Sep Q, better than previous comments that it could achieve this as early as the Dec Q. Drilling into the better yield environment, United noted that yields on tickets booked since the start of May for flights in the June Q are in line with 2019 levels on a consolidated basis (i.e., compared to system yields in June Q 2019) and that domestic leisure yields are higher than 2019 over the same period."

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 $56.98 yesterday.

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