- Argus analyst John Staszak downgraded United Airlines Holdings Inc (NASDAQ:UAL) to Hold from Buy.
- The analyst is lowering his EPS estimates to reflect flight cancellations, pilot shortages, and elevated fuel prices.
- Related: July Fourth Weekend Started With Cancellations And Delays For Air Travelers: WSJ
- Staszak believes that UAL is well-positioned to benefit from the current recovery in airline traffic but expects demand for leisure travel in the U.S. to level off as the economy weakens and consumer confidence weakens.
- Exane BNP Paribas analyst James Hollins downgraded UAL to Underperform from Neutral and lowered the price target to $33 (a downside of 10%), down from $38.
- Price Action: UAL shares are trading higher by 0.16% at $36.72 on the last check Thursday.
- Photo Via Wikimedia Commons
Craig-Hallum Downgrades Edgio to Hold, Lowers Price Target to $1
Craig-Hallum analyst Jeff Van Rhee downgrades Edgio (NASDAQ:EGIO) from Buy to Hold and lowers the price target from $2.5 to $1.
