United Airlines (UAL) PT Raised to $105 at Evercore ISI

Evercore ISI analyst Duane Pfennigwerth raised the price target on United Airlines (NASDAQ: UAL) to $105.00 (from $100.00) while maintaining a Outperform rating.

The analyst comments "Summary: In 2Q United generated EPS of $3.87 (-7% y/y), ahead of our $3.75 on better non-fuel unit cost (+2.2% vs. our +2.8%). Company has seen a pickup in bookings activity since the start of July, and specifically called out acceleration in business travel (almost fully recovered y/y in July). Domestic booked yields have turned positive y/y though 50% of 3Q was already booked prior to July 1st improvement. We also view 2H ex-fuel unit cost commentary favorably. Raising FY25/26 EPS to $10.15 / $11.25 from $9.90 / $11.00 previously."

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