Morgan Stanley Sticks to Its Buy Rating for United Continental (UAL)

By Carrie Williams

In a report released today, Rajeev Lalwani from Morgan Stanley maintained a Buy rating on United Continental (UALResearch Report), with a price target of $103.00. The company’s shares closed last Monday at $86.07.

According to, Lalwani is a 4-star analyst with an average return of 5.4% and a 65.5% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and Hawaiian Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for United Continental with a $108.57 average price target, a 27.1% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a $128.00 price target.

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United Continental’s market cap is currently $22.21B and has a P/E ratio of 8.77. The company has a Price to Book ratio of 2.16.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock.

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UAL Corp. provides air transportation services through it’s subsidiary, United Airlines, Inc., in North America, the Pacific, the Atlantic and Latin America. It offers transportation of passengers and cargo.