United Airlines up after TD Cowen raises PT, calls it 'best idea for 2025'

Dolby Laboratories

19/11/2024 17:10

** Shares of United Airlines  UAL.O  up 3.5% at about $93.5
in afternoon trade, after TD Cowen raises PT on the
Chicago-based airline to $125 from $100
    ** "UAL is our Best Idea for 2025. We believe UAL is best
positioned among its peer group due to its array of
idiosyncratic tailwinds on top of favorable industry
fundamentals" - TD Cowen 
    ** Brokerage says UAL has led the post-pandemic restoration
in international capacity and should see an early benefit
relative to peers, as its routes mature in 2025
    ** Says the airline also benefits from a vastly improved
domestic network
    ** "United is poised to grow above the peer group while
still generating enough cash flow to fund its ongoing fleet
overhaul, debt paydown, and steady shareholder returns" -
brokerage
    ** New PT represents about 38% upside to stock's last close 
    ** UAL shares up 122%, YTD
    

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.Chaudhary@thomsonreuters.com))