United Airlines Holdings Inc (UAL): Get With The Program, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Shared Key Insights From Morgan Stanley’s CEO. United Airlines Holdings Inc (NASDAQ:UAL) is one of the stocks Jim Cramer recently discussed.

United Airlines Holdings Inc (NASDAQ:UAL) is one of the largest airlines in America. Its shares have lost 4.4% year-to-date and are down by 14% since their February peak. Travel stocks were booming until February as bullishness about consumer spending and pent-up demand fueled investor optimism. However, since then, worries about spending and inflation have harmed the sector. Cramer previously described the strength in travel stocks as a bull market and wondered if recent indicators are hinting at its resurgence:

“The backlogs we’re talking about, it’s just that such a bull market in travel and flight that makes me say like you knowraising numbers Marriott, raising, United Airlines of course had to go wreck things. Scott, Scott, get with the program.

“Yeah. . .I was screaming in my office, among many reasons, that this is good. What is the stock down for? This is good. And the price-to-earnings multiple is very low. He didn’t say anything like, he sees any sort of pause.”

Previously, the CNBC TV host discussed an unbelievable price target for United Airlines Holdings Inc (NASDAQ:UAL):

“[On airlines price target upgrades] Did you see that price target of United?

“Yeah I mean they’re taking about United Airlines going from, saying that it’s gonna have eleven twenty two to thirteen dollar earnings. They’re using a 105 dollar price target up from 67. They must be thinking they’re sitting on a gold mine!”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.