United Airlines price target lowered to $80 from $154 at Jefferies

Jefferies lowered the firm’s price target on United Airlines (UAL) to $80 from $154 and keeps a Buy rating on the shares. The firm downgraded four names in the U.S. airlines group, with United remaining its only Buy rated stock. Jefferies reduced Q1 and Q2 estimates, with March exit rates pressuring the summer. Corporate and consumer sentiment remain soft on “swelling macro uncertainty,” the analyst tells investors in a research note. United is unlikely to cut its guidance, but coming in at the low-end is likely, contends the firm.