Morgan Stanley Raises United Airlines (UAL) Price Target, Keeps Overweight Rating

United Airlines Holdings, Inc. (NASDAQ:UAL) is one of the 11 Dirt Cheap Stocks to Buy According to Analysts. On October 16, Morgan Stanley increased its price target on United Airlines Holdings, Inc. (NASDAQ:UAL) from $130 to $140 while keeping an Overweight rating.

This decision comes as the firm sees a clear path for United Airlines Holdings, Inc. (NASDAQ:UAL) to reach more than $15 in EPS.

Morgan Stanley Raises United Airlines (UAL) Price Target, Keeps Overweight Rating

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Morgan Stanley pointed out that during a recent conference call, United Airlines Holdings, Inc. (NASDAQ:UAL) discussed structural EPS growth potential. The firm sees this as a positive sign that the company is confident enough to focus on longer-term prospects.

United Airlines Holdings, Inc. (NASDAQ:UAL) is a holding company that focuses on air transportation for passengers and cargo across the US and around the world.

While we acknowledge the potential of UAL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UAL and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.