UAL To Raise $200 Million
December 01, 2008 at 16:30 PM EST
United Airlines parent UAL Corp. (Nasdaq: UAUA) will raise $200 million through the sale of common stock. Credit Suisse analyst Daniel McKenzie dropped his price target on the airliner from $17 to $13 sending the stock price plummeting $2.31 to close at $8.94.
