United Airlines price target raised to $130 from $120 at Raymond James

Raymond James analyst Savanthi Syth raised the firm’s price target on United Airlines (UAL) to $130 from $120 and keeps an Outperform rating on the shares. The firm raised its earnings forecast for United to reflect stronger revenue trends, and its 2025 EPS view is now closer to the midpoint of the $11.50-$13.50 guidance, which has upside if current pricing trends continue to hold or strengthen, the analyst tells investors in a research note. Raymond James believes the relative weakness is attributable to a potential sector rotation than any negative data points from the release or the call.