The company was upgraded to "buy" from "neutral" by UBS AG (UBS). The firm maintained a price target of $50 for the company's shares.
United Continental Holdings is a holding company whose wholly owned subsidiaries include both Continental Airlines and United Airlines.
"We upgrade UAL to Buy from Neutral as we believe its unit revenue growth is set to accelerate beginning in Q2, supported by our separate Revenue Edge fare tracker and competitive capacity analyses, while we also see potential for upside to depressed Q1 expectations post recent guidance cut, mainly on lower unit costs" UBS said in the note.
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Separately, TheStreet Ratings team rates UNITED CONTINENTAL HLDGS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate UNITED CONTINENTAL HLDGS INC (UAL) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and poor profit margins."