United Airlines price target raised to $140 from $130 at Morgan Stanley

Morgan Stanley analyst Ravi Shanker raised the firm’s price target on United Airlines (UAL) to $140 from $130 and keeps an Overweight rating on the shares. United posted “a solid beat driven by stronger topline and margins” in Q4 and Q1 EPS guidance came in “well ahead of expectations,” which should be “enough to fuel the bull case,” the analyst tells investors. The rising industry tide and United’s “unique boat are good places to be for now,” adds the analyst, who views the company as “firmly on a path to $15+ normalized EPS.”