Dahlman Rose Upgrades United Continental (UAL) to Buy, Well Positioned in 2013
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Price: $125.34 --0%
Rating Summary:
27 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
27 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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Dahlman Rose upgraded United Continental (NYSE: UAL) from Hold to Buy with a price target of $29.00.
The firm said company is well positioned in 2013 to benefit from easier y/y revenue comparisons and cost comparisons, especially since the company had so many issues during 2012.
"When United merged its operations with Continental, the wings fell off the aircraft and the company sunk, delivering a disappointing product to its consumers (especially to those in San Francisco and in New York/Newark)," the analyst comments. "We believe the airline turned the corner sometime during the past four months, and this should
make for easier y/y comparisons in 2013."
The firm's price target is based on 7.5x estimated 2013 EPS of $3.90/share.
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 $23.01 yesterday.
The firm said company is well positioned in 2013 to benefit from easier y/y revenue comparisons and cost comparisons, especially since the company had so many issues during 2012.
"When United merged its operations with Continental, the wings fell off the aircraft and the company sunk, delivering a disappointing product to its consumers (especially to those in San Francisco and in New York/Newark)," the analyst comments. "We believe the airline turned the corner sometime during the past four months, and this should
make for easier y/y comparisons in 2013."
The firm's price target is based on 7.5x estimated 2013 EPS of $3.90/share.
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 $23.01 yesterday.
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