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published in Blogs
Apr 06, 2021
United Airlines (UAL, $59.68) and Alaska Air (ALK, $73.57) got rating boost from Morgan Stanley

United Airlines (UAL, $59.68) and Alaska Air (ALK, $73.57) got rating boost from Morgan Stanley

Morgan Stanley upgraded ratings on United Airlines  and Alaska Air Group.

The bank boosted United shares rating was to equal weight from underweight. It raised Alaska Air shares to overweight from equal weight.

Morgan Stanley initiated coverage of American Airlines  with an  underweight rating.

“We reiterate our attractive view on the U.S. airlines, despite the stocks [rising] 85% in the last five months,” wrote Morgan Stanley analyst Ravi Shanker. The analyst cited an expected  “ clear path to re-opening” as he mentioned that  consensus figures are too low given Morgan Stanley’s  view of strong volume and cost tailwinds. “We are about 30%+ above consensus in 2023,” Shanker said.

 

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