Morgan Stanley analyst Ravi Shanker upgraded United Airlines to Overweight from Equal Weight with a $67 price target. The analyst sees 2023 as a "Goldilocks sweet spot" for United with all the tailwinds of the late pandemic recovery and the initial gains from the transition to the capacity phase of United NEXT. The analyst upgraded the shares to reflect a relative preference for legacy airlines in 2023.
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Published first on TheFly
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