Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessUnited Continental Double Upgraded at BofA Securities

United Continental Double Upgraded at BofA Securities

Add to Favorite
Added to Favorite


BofA Securities analysts changed the rating for United Continental (NASDAQ:UAL) from Underperform to Buy, adjusting the price target from $40.00 to $56.00. The analysts highlighted that this upgrade is a notable shift from the previous cautious stance due to concerns over high valuation, substantial capital expenditure, and leverage issues.
The current assessment shows a valuation discrepancy compared to United Continental’s effective execution and an unexpectedly favorable leverage outlook. Although there are persistent industry risks and capital expenditures remain above historical norms, United Continental has outperformed in revenue generation relative to its industry counterparts. The company is also projected to sustain a leverage ratio of around 2.5x throughout this capital expenditure cycle. Presently, it trades at about 4.5 times the estimated EBITDAR for 2024, positioning it towards the lower end of its historical valuation spectrum.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Google parent Alphabet in talks to acquire Wiz for $23 billion, report says

Alphabet, Google’s (GOOGL) parent company, is in advanced talks...

Lululemon is greenwashing-falsely advertised brand has sustainable products

A class-action lawsuit was filed in the US District...