What's Going On With United Airlines Stock?
Portfolio Pulse from Erica Kollmann
United Airlines Holdings, Inc. (NASDAQ:UAL) is set to release its second-quarter earnings after the market close on Wednesday. The stock dipped 6.07% last week in sympathy with Delta Air Lines, Inc. (NYSE:DAL), which reported mixed results and weak guidance. Analysts expect UAL to report earnings of $3.95 per share and revenue of $15.096 billion. UAL's flight attendants are preparing for a strike authorization vote, demanding better pay and working conditions. TD Cowen analyst Helane Becker maintained a Buy rating on UAL and raised the price target from $65 to $80.
July 17, 2024 | 5:57 pm
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NEGATIVE IMPACT
Delta Air Lines' mixed Q2 results and weak guidance negatively impacted United Airlines' stock last week, causing a 6.07% dip. This indicates that Delta's performance can influence United Airlines' stock movements.
Delta's mixed results and weak guidance have already negatively impacted UAL's stock, showing a correlation between the two airlines' performances. This could continue to affect UAL's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
United Airlines is set to release its Q2 earnings, with analysts expecting $3.95 EPS and $15.096B revenue. The stock dipped 6.07% last week due to Delta's mixed results. Flight attendants are preparing for a strike vote, demanding better pay and conditions. TD Cowen raised the price target to $80.
The upcoming earnings report and the raised price target from TD Cowen are likely to positively impact UAL's stock in the short term. However, the potential strike by flight attendants could introduce some volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100