Morgan Stanley upgraded Wheels Up to Equal Weight from Underweight with a 55c price target, calling this its final rating as the firm is also discontinuing coverage effective immediately due to a reallocation of resources. "All prior research on UP should no longer be relied upon," the firm noted.
Published first on TheFly
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Read More on UP:
- Wheels Up receives noncompliance notification from NYSE
- Wheels Up price target lowered to $2.50 from $3.75 at BTIG
- Wheels Up Announces Record Revenue for Fourth Quarter 2022
- Wheels Up reports active Members increased 5% year-over-year to 12,661 in total
- Wheels Up reports Q4 EPS (96c), consensus (31c)
