Dahlman Rose Downgrades United Continental (UAL) to Hold; Merger Missteps

Dahlman Rose downgraded United Continental (NYSE: UAL) from Buy to Hold.

Analyst, Helane Becker, said, "The first two quarters of 2012 have been disappointing
as investors had high hopes for United Continental. There has been several operational missteps which negatively affected the company's earnings results. During March United and Continental went to one reservation system which wreaked havoc on the system. Many customers were turned off and have subsequently chosen to fly other airlines."

"United's network will appeal to the business traveler and to frequent fliers. It will just take longer than expected to sort it out (fortunately travelers have short memories)."

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 $18.89 yesterday.

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