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Fly News Breaks for September 17, 2015
UAL
Sep 17, 2015 | 09:42 EDT
UBS said United Continental's new credit card deal with Chase, Visa could be approximately $5/share or 10% accretive to shares. Analyst Darryl Genovesi doesn't believe a new deal was expected given the prior agreement wasn't set to expire for another two years. Genovesi raised United Continental's 2015 earnings estimate by 65c to $11.75 to account for improved cred card economics. The analyst rates shares a Buy with an $85 price target on shares.