Here's Why United Airlines Shares (UAL) Are Moving
Portfolio Pulse from Henry Khederian
United Airlines Holdings Inc (UAL) shares are trading higher by 1.64% to $56.30 after Citigroup analyst Stephen Trent maintained the stock with a Buy and raised the price target from $70 to $75. UAL shares are also higher by 9.7% over the trailing month amid strength in travel stocks, following May CPI data. Airline stocks also saw strength in late June in sympathy with Delta Air Lines, Inc. (DAL) after the company raised its second-quarter and 2023 guidance at its Investor Day presentation.
July 10, 2023 | 4:29 pm
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POSITIVE IMPACT
DAL's raised second-quarter and 2023 guidance at its Investor Day presentation has had a positive impact on airline stocks, including UAL.
DAL's positive guidance is likely to have a positive impact on the overall airline industry, including UAL. This is because such guidance often indicates strong performance and future growth, which can boost investor confidence in related stocks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
UAL shares are trading higher after Citigroup analyst maintained a Buy rating and raised the price target. The stock is also benefiting from strength in travel stocks and positive guidance from DAL.
The positive rating and increased price target from Citigroup analyst are likely to boost investor confidence in UAL, leading to a rise in its stock price. Additionally, the overall strength in travel stocks and positive guidance from DAL are also contributing to the upward trend in UAL's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100