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United Airlines Stock Has Fallen Too Far on China Fears, Goldman Sachs Says

Al Root

Economic weakness in China could be a problem for United Continental Holdings, but investors are more worried than they need to be, according to Goldman Sachs analyst Catherine O’Brien. She upgraded shares of United Continental (ticker: UAL) from Neutral to Buy on Thursday, keeping her price target at $108 per share, 30% higher than recent levels, saying losses in the stock create a potential opportunity. O’Brien says United stock is too cheap now that it has declined more than 16% from its 52-week high, set last December.