Redburn analyst James Goodall upgraded United Airlines to Buy from Neutral with an $80 price target. The firm cites its preference for international airlines and a more positive view on the impact of fewer narrow-body deliveries on both capex and growth over the coming years for the upgrade. Growing domestic capacity should continue to pressure unit revenue, the analyst tells investors in a research note. Against this backdrop, Redburn reassessed its view on the US airlines.
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