Core Viewpoint - United Airlines Holdings Inc. is identified as one of the most undervalued large-cap stocks currently available for investment, with recent price target increases from TD Cowen and JPMorgan reflecting positive sentiment towards the company's future performance [1][3]. Group 1: Price Target Adjustments - TD Cowen raised its price target for United Airlines from $127 to $138 while maintaining a Buy rating, following the company's Q3 2025 results and Q4 2025 guidance [1][3]. - JPMorgan also increased its price target for United Airlines from $149 to $156, assigning an Overweight rating to the stock [3]. Group 2: Strategic Positioning - The airline is well-positioned to benefit from its UnitedNext strategy, which aims to modernize the fleet, expand the network, and enhance customer experience [2][3]. - Management projects that the UnitedNext strategy will result in an annual margin expansion of one percentage point through the end of the current decade, with analysts suggesting potential for upside in these projections [3]. Group 3: Industry Context - The outlook for United Airlines has been revised positively as the post-COVID airline industry stabilizes, indicating a more favorable operating environment for the company [2][3].