Analysts Just Turned Bearish on These 5 Stocks

4. United Airlines Holdings, Inc. (NASDAQ:UAL)

Number of Hedge Fund Holders: 31

United Airlines Holdings, Inc. (NASDAQ:UAL) received a downgrade from Argus on Thursday, July 7, 2022. The research firm downgraded United Airlines Holdings, Inc. (NASDAQ:UAL) from “Buy” to “Hold,” citing elevated fuel costs, lack of pilots and flight cancellations.

Argus analyst John Staszak also lowered his earnings expectations due to these challenges. While Staszak thinks United Airlines Holdings, Inc. (NASDAQ:UAL) is ready to capitalize on the recovery in the airline industry, he anticipates leisure travel demand to level off in the U.S. amid dwindling consumer sentiment.

Meanwhile, United Airlines Holdings, Inc. (NASDAQ:UAL) recently blamed the Federal Aviation Administration (FAA) for increasing flight cancellations. In a letter to employees, the company’s COO Jon Roitman said 75 percent of United Airlines’ cancellations over the last four months occurred due to the traffic handling initiatives of FAA.