United Continental (UAL) Event Preview - Cowen
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Rating Summary:
20 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Cowen analyst Helane Becker reiterated an Outperform rating and $65.00 price target on United Continental (NASDAQ: UAL) ahead of two events on Tuesday, June 29th. One for investors in the morning and an event for media and KOLs in the afternoon. In the past, United held events such as these to discuss 3-year targets and the analyst expects management to review its post-pandemic strategic plan. The last event included announcement of an aircraft order and a focus on its mid-continent hubs. The analyst expects coverage of all or some of the following items:
1. 3 year financial targets
2. Discussion of coastal hubs, specifically Newark (NJ) Liberty International
3. Aircraft order. There have been press reports United is talking to Boeing (NYSE: BA) and Airbus about a large aircraft order. We also would not be surprised to see them place another electric aircraft order.
4. CAPEX update.
5. Environmental targets.
6. Reiterated the goal of hiring as many as 10,000 pilots over the next decade.
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 $55.17 yesterday.
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