United Airlines to Outperform US Peers in Medium Term: Analysts Lift Expectations
Portfolio Pulse from Anusuya Lahiri
Analysts from Raymond James, JP Morgan, and Morgan Stanley have raised their price targets for United Airlines Holdings Inc (NASDAQ:UAL), predicting the company will outperform its US peers in the medium term. The analysts increased their EPS growth forecasts for 2023, 2024, and 2025, citing substantial international revenue and unique cost tailwinds. However, these boosts are partially offset by steps taken to improve operational resiliency and changes in profit-sharing methodology.
July 21, 2023 | 6:43 pm
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United Airlines is expected to outperform its US peers in the medium term, according to analysts. The company's price targets have been raised, and its EPS growth forecasts for the next few years have been increased.
The raised price targets and increased EPS growth forecasts by analysts indicate a positive outlook for United Airlines. This is likely to boost investor confidence and could lead to an increase in the company's stock price in the short term.
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