United Airlines is the airline stock to own in 2023, according to Cowen. Analyst Helane Becker named the stock her top pick for next year, saying United Airlines is an industry leader with the greatest exposure to a recovery in international travel. The analyst’s $65 price target implies roughly 47% upside from Wednesday’s close of $44.17. “We are staying with United Airlines as our top pick for 2023. It has been a star performer in 2022, significantly outperforming the S & P 500 and NYSE ARCA Airline indexes YTD,” Becker wrote in a Thursday note. “The carrier’s network and alliances position it to benefit from the recovery in international travel. It has a strong liquidity buffer that should allow it to continue paying down debt and navigate any macro choppiness,” Becker added. The analyst pointed out that United Airlines is adding international routes in leisure destinations for summer 2023 after seeing success with a majority of new additions this year. The airline also has more lie-flat seats than other U.S. competitors to attract more high-net-worth customers. Other kinds of travel are also expected to continue recovering in 2023. The analyst expects that there will be opportunities in business travel, which remains at about 80% of pre-pandemic levels, according to the note. “We are not anticipating a full recovery of business travel, but believe the hybrid work environment is likely to continue into 2023. Expect people traveling for business to stay a few days for leisure (e.g., Miami in the winter for northern travelers),” Becker wrote. Shares of United Airlines are up slightly in 2022. —CNBC’s Michael Bloom contributed to this report.
- Advertisment - 
Recent Comments
on Army vs. Coastal Carolina live stream, how to watch online, CBS Sports Network channel finder, odds
on AL Rookie of the Year Julio Rodriguez Spreads Joy and Sportsmanship to the Youth of Loma de Cabrera
on After UFC Fallout, Conor McGregor Offers a Valuable Piece of Advice to Free Agent Francis Ngannou
on Dubai International Airport sees 41.6 million passengers in first half of year, more than in 2019
on Devout athletes find strength in their faith. But practicing it and elite sports can pose hurdles
on Despite strong Lunar New Year holiday data, consumer spending in China isn’t roaring back just yet
on Dave Portnoy: Taylor Swift’s security should ‘drag Kim Kardashian to jail’ if she attends Eras Tour
on CONCEPT ART: New Details Revealed for Disney Cruise Line Lookout Cay at Lighthouse Point Destination
on “Completely Knocked Me Out”: Rob Lowe Recalls Boxing Match With Tom Cruise On 1983 Brat Pack Classic
on CBS Sports, Serie A announce new TV rights deal; Paramount+ to air over 400 Italian soccer matches
on Cam Newton’s Violent Public Incident Draws Hilarious Reaction From 3x All-Star: “Where Do I Sign Up
on Boston College vs. Army live stream, how to watch online, CBS Sports Network channel finder, odds
on Angel Reese Launches Foundation Dedicated To Empowering Women Through Sports & Financial Literacy
on A weaker dollar, skyrocketing prices and ‘record’ visitor numbers: Good luck in Europe this summer