Movement Alert|United Airlines Rises 5.1% in Regular Trading, Multiple Investment Banks Raise Price Targets Amid Sector Rally

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On July 24, United Airlines rose 5.1% in regular trading, trading at $121.35/share, with turnover of $173 million. The rally was driven by a wave of price target upgrades from multiple investment banks, coupled with broad-based strength across the airline sector.

On the catalyst front, TD Cowen significantly raised its price target on United Airlines from $176 to $205, maintaining a Buy rating. Bernstein lifted its target to $162, HSBC raised to $163, and BNP Paribas adjusted to $165 from $120. The FactSet consensus mean price target now stands at approximately $163.57 with an average Buy rating. The upgrades follow the company's Q2 earnings beat, which reported adjusted EPS of $1.99 versus the $1.87 consensus estimate, on revenue of $17.67 billion (up 16% year-over-year). Management guided Q3 and Q4 TRASM growth to exceed Q2's 12.1% level, signaling sustained demand strength.

Within the Airlines sector, the broad rally saw American Airlines up 7.16%, JetBlue Airways up 7.31%, Delta Air Lines up 4.7%, and Southwest Airlines up 3.66%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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