NEW YORK (TheStreet) -- Shares of United Continental Holdings (UAL) are sinking, down 4.07% to $51.89 in early market trading Monday, after analysts at Raymond James lowered their rating on the airline earlier this morning.
The firm downgraded United to "outperform" from "strong buy," saying it expects weaker than expected U.S. economic growth, along with softer than expected international demand.
Analysts at Raymond James also cut their price target to $69 from $82 on muted pricing recovery.
Chicago, Ill.-based United Continental Holdings is a holding company operating under its subsidiaries United Air Lines and Continental Airlines.
The company transports people and cargo through its mainline operations, and has contractual relationships with various regional carriers to provide regional jet and turboprop service branded as United Express.
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 solid stock price performance, impressive record of earnings per share growth, notable return on equity, good cash flow from operations and compelling growth in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."