United Continental (UAL) Initiated with a Buy at Evercore ISI

Evercore ISI analyst Duane Pfennigwerth initiated coverage with a Buy rating on United Continental (UALResearch Report) today and set a price target of $125.00. The company’s shares closed last Monday at $84.00.

According to TipRanks.com, Pfennigwerth is a 3-star analyst with an average return of 2.6% and a 59.3% success rate. Pfennigwerth covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and American Airlines.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for United Continental with a $110.89 average price target, representing a 33.6% upside. In a report issued on January 8, Merrill Lynch also maintained a Buy rating on the stock with a $100.00 price target.

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United Continental’s market cap is currently $21.09B and has a P/E ratio of 7.16. The company has a Price to Book ratio of 1.87.

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UAL Corp. provides air transportation services through it’s subsidiary, United Airlines, Inc., in North America, the Pacific, the Atlantic and Latin America. It offers transportation of passengers and cargo.