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

Reuters
2024-11-20
BUZZ-United Airlines up after TD Cowen raises PT, calls it 'best idea for 2025'

** 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))

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