TD Cowen Reduces Its PT for United Airlines (UAL) to $128, Reiterates “Buy” Rating

Group 1: Company Overview - United Airlines Holdings, Inc. (NASDAQ:UAL) is recognized as one of the best value stocks to invest in according to billionaires [1] - The company provides transportation services across domestic, Atlantic, Pacific, and Latin American segments, with its headquarters located in Chicago, Illinois [6] Group 2: Financial Outlook - Analysts at TD Cowen have lowered the price target for United Airlines from $140 to $128 while maintaining a "Buy" rating, citing persistent fuel inflation as a concern for profitability [2] - The forecast for Q1 adjusted EPS has been significantly reduced to a range of $0.05–$0.22, down from a previous estimate of $1.00–$1.50 [5] - The consensus price target of $140.00 indicates a potential upside of 48.07% as of March 9, 2026, with over 82% of analysts remaining bullish on the stock [5] Group 3: Operational Challenges - CEO Scott Kirby indicated that escalating violence in Iran is expected to impact Q1 2026 results, with potential effects extending into Q2 if the conflict persists [4] - The company faces operational concerns, and margin expansion in 2026 is deemed improbable [3] - Fuel expenses are projected to fluctuate by approximately $116 million for every $1 change in jet fuel prices, highlighting the critical nature of fuel costs for investors [4]