United Airlines price target lowered to $71 from $76 at Citi

Citi lowered the firm’s price target on United Airlines to $71 from $76 and keeps a Buy rating on the shares. The firm says that despite a positive backdrop, United shares are down more than 35% from their March 2021 high, even as the carrier saw a net loss that year of almost $14 per share. Citi is not saying there are no cost headwinds of any kind, but United’s relatively “mild operational challenges hardly seem to justify this level of share price dislocation,” the analyst tells investors in a research note.