Argus analyst John Staszak upgraded United Airlines to Buy from Hold with a $52 price target. Demand for air travel should continue to recover from the pandemic with "strong growth" expected in business and international travel, the analyst tells investors in a research note. Staszak further notes that United Airlines should benefit from constrained industry capacity due to delayed aircraft deliveries, boosting his FY22 EPS view to $2.00 from $1.30 and his FY23 view to $5.80 from $5.40.
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Published first on TheFly
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