UAL - United Airlines Faces Boeing MAX 9 Grounding's Negative Impact On Capacity Growth: Analyst | Benzinga
BofA Securities analyst Andrew G. Didora reiterated the Buy rating on United Airlines Holdings, Inc. (NASDAQ:UAL), raising the forecast to $60 from $56.
The analyst writes that after a volatile start to the year for airline share prices, the company’s shares were +5% after a solid fourth-quarter earnings beat and 2024 EPS outlook.
Despite significant 2024 cost pressures from Boeing Company‘s (NYSE:BA) 737 MAX 9 grounding and other inflationary items, revenue commentary was stronger than expected, the analyst adds.
According to Didora, this provided a solid foundation for the 2024 EPS outlook.
Regional commentary ...