United Airlines got a rating upgrade from an Evercore ISI analyst.
Analyst Duane Pfennigwerth raised rating on the airline stock to outperform from in-line. Pfennigwerth also boosted his price target for the shares to $125, from $105.
Pfennigwerth cited United shares’ "significant valuation" discount in comparison with its peers, combined with a potential improvement in longer-term co-brand credit card economics and Evercore ISI’s outlook of improved global GDP growth in 2020.