UPDATE: J.P. Morgan Downgrades United Continental Holdings as Better Risk/Reward Opportunities Lie Elsewhere
October 25, 2013 at 09:45 AM EDT
In a report published Friday, J.P. Morgan analyst Jamie Baker downgraded the rating on United Continental Holdings (NYSE: UAL ) from Neutral to Underweight, and lowered the price target from $32.50 to $25.00. In the report, J.P. Morgan noted, “Cost convergence, fare unbundling, widespread consolidation, diminished new entrant activity, and
