Why United Continental (UAL) Stock Is Higher In After-Hours Trading Today

NEW YORK (TheStreet) -- Shares of United Continental Holdings Inc. (UAL) are up 0.7% to $51.49 in after-hours trading as Credit Suisse (CS) initiated coverage on the company with an "outperform" rating and a $68 price target.

American Airlines (AAL) and Delta Air Lines (DAL) were also initiated with an "outperform" rating at Credit Suisse with a $52 and a $56 price target, respectively, after the market close.

Shares of American Airlines are up 0.42% to $38.39, and Delta Air Lines are up 0.38% to $39.19, in after-hours trading.

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Separately, TheStreet Ratings team rates UNITED CONTINENTAL HLDGS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate UNITED CONTINENTAL HLDGS INC (UAL) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

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