JPMorgan raised the firm’s price target on United Airlines (UAL) to $133 from $108 and keeps an Overweight rating on the shares. The firm updated its 2025 model on United ahead of January 21 results, including embracing lower fuel in 2025/2026, a pivot from the deliberately-conservative fuel forecast that drove the prior price target The bullish call on United remains intact with the airline being the firm’s favorite legacy airline, the analyst tells investors in a research note.
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