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Falling Oil Prices to Make 2015 the Best Year for Airlines

August 9, 2023
in Trade Tube
Reading Time: 1 min read
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Bullish calls for United Continental (UAL), Exxon Mobil (XOM) and Twitter (TWTR) in Monday’s Analysts’ Actions. Deutsche Bank (DB) is making the call that United Continental will lead the pack in its projection that next year will be the most profitable one yet in the history of the airline industry. The firm is making the prediction on lower fuel prices and interest expense and modest non-fuel cost increases. The price target for United has been bumped up to $80 from $50. The firm has a BUY rating for the stock. Oil giant Exxon Mobil also got upward revision at BMO Capital to a MARKET PERFORM from UNDERPERFORM with its price target raised by $10 bucks to $95 a share. The firm’s call stems from Exxon’s defensive nature in what they believe will be a weak period for the most of 2015. JMP Securities is starting its coverage of Twitter with an OUTPERFORM rating and the price target at $49. The firm says Twitter is where users go now for instant news and information.

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