BMO Capital Cuts United Airlines (UAL) Price Target to $135

On October 22, 2026, BMO Capital maintained its Outperform rating on United Airlines Holdings, Inc. while lowering its price target from $140 to $135. The update came via a research note issued by the firm on the same day the stock closed at $101.84.

UAL United Airlines Holdings, Inc.

$102 ▼ -9.74% year to date

1M 3M YTD

Daily close · Oct 22, 2026

BMO Capital's Call on United Airlines Holdings, Inc.

BMO Capital's decision to keep its Outperform rating reflects confidence in the airline's long-term outlook even as the firm trimmed its price target from $140 to $135. Analysts across Wall Street have been adjusting their views on the carrier, with several firms issuing updates during the same week. UBS maintained a buy rating on October 16, 2026, moving its target from $146 to $139. On October 22, 2026, Wells Fargo kept an overweight rating while adjusting its target from $160 to $155, Argus Research maintained a buy rating with a target cut from $140 to $125, and Susquehanna kept a positive rating while lowering its target from $150 to $130. Overall, the stock carries a strong buy recommendation key from a total of 23 analyst opinions, with a mean price target of $152.74.

Other Institutional Activity in United Airlines Holdings, Inc.

Primecap Management Company grew its holdings by 710,381 shares, ending with 16,461,630 shares worth about $1.68 billion. Sanders Capital, LLC reduced its stake by 176,370 shares, finishing with 15,027,948 shares valued at roughly $1.53 billion. Capital International Investors trimmed its position by 191,225 shares to hold 6,247,343 shares worth about $636.23 million.

United Airlines Holdings, Inc. Stock Up 4.3%

United Airlines shares recently traded around $102.02 as of October 22, 2026, sitting about equal to the closing price of $101.84 on the day of BMO's update. The recent price leaves the stock below its 50-day moving average of $110.19 and below its 200-day moving average of $108.50. The shares have traded in a 52-week range between $84.64 and $138.77.

Recent Earnings

United Airlines reported trailing twelve-month revenue of $65.55 billion and basic earnings of $10.92 per share. The company posted a net profit margin of 5.5% alongside a return on equity of 22.3%, with its next earnings report scheduled for January 26, 2027.

Insider Buying and Selling at United Airlines Holdings, Inc.

President Brett J. Hart sold 30,108 shares on July 28, 2026, at an average price of $120.72 for a total value of $3.63 million. Chief financial officer Michael D. Leskinen sold 10,000 shares on August 3, 2026, at $128.19 per share worth $1.28 million. Officer Andrew P. Nocella completed two separate transactions, selling 3,000 shares on August 4, 2026, at $132.30 each for $396,900 and another 5,000 shares on August 25, 2026, at $117.00 per share totaling $585,000.

About United Airlines Holdings, Inc.

United Airlines Holdings, Inc. provides air transportation for passengers and cargo across domestic and international routes through its mainline and regional fleets. The company also offers ground handling, maintenance services for third parties, a flight academy, and frequent flyer program operations.

Bottom Line

Investors will look toward the airline's upcoming earnings release on January 26, 2027, for further details on operational performance and financial health. Market participants continue to weigh shifting analyst price targets against broader transportation sector trends.