United Continental: In a Holding Pattern?
April 19, 2017 at 14:18 PM EDT
Yesterday, shares of United Continental ( UAL ) tanked despite reporting earnings that topped the Street consensus . Today, they're flying high as the market reconsiders whether yesterday's selloff was overdone. But is United Continental really going anywhere? Maybe not. Cowen's Helane Becker and team contend that most airlines to remain range bound until the second half of the year. They explain why: