Zacks Investment Research upgraded shares of United Continental Holdings, Inc. (UAL) (UAL) from NEUTRAL to OUTPERFORM on February 07, 2014, with a target price of $54.00.
We upgrade our recommendation on United Continental from Neutral to Outperform. The company reported strong fourth quarter 2014 results beating Zacks Consensus Estimate on both the lines. United Continental plans to cut costs by spending less on fuel and optimizing distribution channels, and thereafter enhance productivity. The company is also making solid progress in expanding its on-board products and services in both domestic and international fleet to perk up its ancillary revenue contributions. Apart from that, expansion of its global and domestic route network through the introduction of non-stop flights will boost its future performance. Further, continuous investments to upgrade its aircraft by scraping the older ones with newer fuel efficient fleets will trim its operating cost and lift its bottom line going forward.
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