UAL Corp (UAUA): Upgraded to Overweight at JP Morgan; Positive comments from Barclays
New ratings. As a potentially challenging winter approaches, United may occupy the capital-raising spotlight more than others, particularly LCC, in JP Morgan's view. As a result, their UAL Corp (NASDAQ: UAUA) equity rating moves from Underweight to Overweight on the expectation that sentiment improves with each liquidity salvo they fire, whereas LCC moves just a single notch up to Neutral given still-limited liquidity options should fundamentals fail to improve. Countering these changes are downgrades of AAI and JBLU from Overweight to Neutral, despite still attractive risk-reward and healthy potential upside to price targets. These are relative ratings, after all, though the lower perceived risks of AAI and JBLU argue strongly for their continued inclusion in a basket of equities, in their view, or for those lacking the stomach for material risk and volatility.
Quelle:
www.streetinsider.com/Upgrades/...s+from+Barclays/4933325.html