United Airlines Holdings, Inc. (NASDAQ:UAL)’s share price hit a new 52-week low during mid-day trading on Monday after Susquehanna Bancshares lowered their price target on the stock from $60.00 to $55.00. The company traded as low as $38.85 and last traded at $38.91, with a volume of 790808 shares. The stock had previously closed at $41.65.
Several other brokerages also recently weighed in on UAL. MKM Partners upgraded shares of United Airlines from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Monday, January 3rd. Barclays reduced their price objective on shares of United Airlines from $58.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, January 14th. Raymond James reduced their price objective on shares of United Airlines from $75.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday. Cowen boosted their price objective on shares of United Airlines from $72.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 21st. Finally, Susquehanna cut their target price on shares of United Airlines from $60.00 to $55.00 in a report on Friday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, United Airlines has an average rating of “Hold” and an average target price of $62.31.
Several large investors have recently bought and sold shares of UAL. Principal Financial Group Inc. grew its stake in shares of United Airlines by 2.8% during the 2nd quarter. Principal Financial Group Inc. now owns 393,492 shares of the transportation company’s stock worth $20,575,000 after purchasing an additional 10,845 shares during the period. Deutsche Bank AG grew its stake in shares of United Airlines by 10.9% during the 2nd quarter. Deutsche Bank AG now owns 363,343 shares of the…