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Stock impact report

Wells Fargo has constructive outlook on U.S. airlines, favors United and Delta [Yahoo! Finance]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
Company Research Source: Yahoo! Finance
structure, stronger premium demand and more resilient loyalty economics as factors that could support earnings and valuation multiples through the cycle. Analyst Christian Wetherbee said the industry has made significant progress in addressing overcapacity and balance-sheet stress following the pandemic, helping improve profitability. He highlighted four themes underpinning the bank's outlook: industry rationalization, growing dominance from Delta and United in premium travel, the expanding contribution from loyalty programs and the potential for multiple expansion. Within the sector, Wells Fargo prefers United Airlines and Delta Air Lines , initiating coverage on both stocks with Overweight ratings. United is the bank's top pick. United was initiated at Overweight with a $145 price target. “United presents an earnings growth story underpinned by improving industry dynamics, more premium and a catch-up loyalty opportunity, all of which support re-rating,” wrote Wetherbee. De Show less Read more
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