Morgan Stanley Raises United Airlines (UAL) Price Target, Keeps Overweight Rating

United Airlines Holdings, Inc. (NASDAQ:UAL) is one of the 11 Dirt Cheap Stocks to Buy According to Analysts. On October 16, Morgan Stanley increased its price target on United Airlines Holdings, Inc. (NASDAQ:UAL) from $130 to $140 while keeping an Overweight rating.

This decision comes as the firm sees a clear path for United Airlines Holdings, Inc. (NASDAQ:UAL) to reach more than $15 in EPS.

Morgan Stanley pointed out that during a recent conference call, United Airlines Holdings, Inc. (NASDAQ:UAL) discussed structural EPS growth potential. The firm sees this as a positive sign that the company is confident enough to focus on longer-term prospects.

United Airlines Holdings, Inc. (NASDAQ:UAL) is a holding company that focuses on air transportation for passengers and cargo across the US and around the world.

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